Janus Henderson European Focus Fund Q1 2025 Commentary
2025-05-20 12:11:00 ET
Summary
- European Focus Fund returned 10.46% and the MSCI Europe NR Index returned 10.48%.
- Top individual contributors to relative performance included Rheinmetall, UniCredit, and Deutsche Bank. Detractors included Intercontinental Hotels, ASM International, and Publicis Groupe.
- European equities continue to trade close to record discounts compared with U.S. equities, and international investor positioning remains low, together providing a safety net in the current uncertain environment.
Performance - USD (%)
| Cumulative | Annualized | ||||||
| Returns | 1Q25 | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Since Inception (08/31/01) |
| Class I Shares | 10.46 | 10.46 | 3.59 | 7.81 | 15.8 | 5.43 | 11.44 |
| Class T Shares | 10.43 | 10.43 | 3.44 | 7.62 | 15.61 | 5.24 | 11.28 |
| Class N Shares | 10.49 | 10.49 | 3.63 | 7.88 | 15.88 | 5.46 | 11.38 |
| Class A Shares @ NAV | 10.4 | 10.4 | 3.35 | 7.54 | 15.51 | 5.16 | 11.24 |
| Class A Shares @ MOP | 4.05 | 4.05 | -2.59 | 5.44 | 14.15 | 4.54 | 10.96 |
| MSCI Europe NR Index | 10.48 | 10.48 | 6.87 | 7.32 | 13.15 | 5.67 | 5.84 |
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Janus Henderson European Focus Fund Q1 2025 CommentaryNASDAQ: PNDRY
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