fund

JANUS HENDERSON CONTINENTAL EUROPEAN R EUR

Large cap European equity portfolio managed by John Bennett.

PRICE (INC)

-

PRICE (ACC)

1576.97p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

1.5%

ONGOING CHARGE

1.65%

YIELD

1.1%

1 YEAR

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Prices as at 04 Dec 2023.

We don’t currently provide commentary on this fund.

Past performance is not an indication of future performance.

Capital at risk.

The fund targets capital growth by investing in portfolio of primarily large cap continental European equities. Manager John Bennett looks to identify sector themes, often by looking at trends in other parts of the globe, then looks for attractively valued companies that will capitalise on them. He also includes stock-specific ideas – essentially he looks to catch sectors or stocks at turning points. Henderson describes Bennett as style agnostic, though his portfolios typically have a slight bias to growth and away from value. The trust is a near mirror of the Henderson European Selected Opportunities OEIC, also run by Bennett.

Fund summary

Sector
Structure	OFFSHORE FUND
Launched	October 2004
Size	£1,906m
Yield	1.1%
Dividends paid	Accumulation units only

Charges

Standard Initial Charge	0%
Initial Charge Via BestInvest	0%
Additional Bid/Offer Spread	0%
Annual Management Charge	1.5%
Ongoing Charges Figure	1.65%

Investment Process

The process begins with the identification of stock or sector themes that would generate growing customer demand. Bennett believes that themes travel so he looks elsewhere in the world to find trends that might be mirrored in Europe. He then looks for potential winners in their respective business fields that have the capacity and ability to grow. A universe of some 600 companies is screened, using various valuation metrics, such as EV/Sales, EV/EBIT margin, P/E and dividend yield to find low-valued stocks. Among the latter the team looks for businesses set to or undergoing change – this could be a change in behavior, or a turning point in a cyclical sector. Regular company meetings are an essential part of the investment process, allowing Bennett to gain insights into the businesses he invests in. These meetings serve either to validate or change Bennett's investment thesis on a company. Strategic thinking is combined with tactical asset allocation, and earnings momentum also allows the manager to top or tail his holdings.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning