John Bennett Global Equity Head at Janus Henderson Investors looks at the performance of the European Focus Investment Trust – a growth portfolio invested in European equities.

John discusses politics in Europe, the possibility of capital shifting towards Europe, the continuation of the recent market rotation, and his latest stock-picks.

 

 

Investment objective

 

The Company seeks to maximise total return from a focused portfolio of mainly listed Continental European stocks.

 
Overview

 

  • The portfolio has a bias to larger capitalised companies but it is able to invest in the equity of mid and smaller capitalised companies.
  • Not constrained by asset allocation models, but exploits sector themes.
  • The portfolio is unconstrained by benchmark and contains between 50 to 60 holdings at any one time.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.

 

Positive delta – the moment of change in a particular event, in this case a positive change.
Cyclicals – stocks that are exposed to the economic cycle and are therefore likely to experience fluctuations in revenues.

Past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.

The information in this article does not qualify as an investment recommendation.

 

 





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