Search Results
Results 1–50
of 118 found.
Has Europe Finally Broken Its Vicious Cycle?
Tim Stevenson, Director of European Equities at Henderson Global Investors, says Europe finally seems to have broken free of the economic uncertainty that has plagued it for a decade and discusses the impact of irrational news on investor sentiment, and whether or not the market rotation we saw in the second half of 2016 is now fully ‘priced in’.
2017: Supportive Backdrop for Global Equities
Matthew Beesley, Head of Global Equities, believes that the impact of technology and an ageing population are likely to be the key themes shaping global equity markets in 2017, while the incoming US President’s planned shift to fiscal stimulus should be supportive for global equities.
Henderson's US Growth Opportunities Fund Celebrates Its 1-Year Anniversary
In this latest video update, Michelle Picard, CFA, Portfolio Manager, recaps the US Growth Opportunities Fund’s one-year track record and provides an update on the Fund’s current positioning. Picard comments on the Fund’s top quartile performance and ranking in the 15th percentile* in the Morningstar Large Growth category. She explains why she feels the Fund is well positioned in an environment of rising US interest rates and slower global growth.
Henderson Multi-Asset Team 2016 Outlook: Growth Set to Drive Asset Returns
In this video, Paul O’Connor and Bill McQuaker, Co-Heads of Multi-Asset, review the key developments in markets during 2015 and give their in-depth outlook for 2016. They argue that the era of monetary policy-driven markets has come to an end and explain what this means for returns across the asset spectrum. They note that a key factor to watch in 2016 will be the pace of US monetary policy tightening. Further they comment that while a number of risks remain there are opportunities to be found.
Fixed income in 2016 — late cycle reality and an increase in opportunities
In this latest video update, John Pattullo, Co-Head of Retail Fixed Income, provides an assessment of the key lessons learned so far in 2015 and his outlook for the credit markets in 2016. He believes 2016 is likely to be shaped by two dominant investment themes: a continuing focus on where we are in the credit cycle, and ongoing reregulation of the banking industry. Pattullo expects to see better value emerging and more interesting credits in the market. Therefore, he believes that there is more opportunity in the forthcoming 12 months.
Henderson releases the 8th edition of the Henderson Global Dividend Study
Henderson’s Jane Shoemake, Investment Director of Global Equity Income, presents the 8th edition of the Henderson Global Dividend Study. Henderson Global Dividend Study is a quarterly report analyzing dividend trends from around the world. The study examines dividends paid every quarter by the 1,200 largest firms by market capitalization. In the latest edition, we saw an increase of 2% in global dividend growth for the quarter after nearly three quarters of consecutive declines.
Henderson Geneva: Investment Process & Portfolio Construction
?In this latest video update, Scott Priebe, Portfolio Manager, provides an overview on Henderson Geneva’s investment process and portfolio construction. He explains the team’s threefold investment process for analyzing companies, which includes a bottom-up qualitative and quantitative assessment, complemented by a top-down economic and investment outlook. Priebe walks through portfolio construction from the initial position size to why the team would trim and or sell a company.
Henderson Geneva: Overview & Investment Philosophy
In this latest video update, Michelle Picard, CFA, Portfolio Manager, provides an overview on Henderson Geneva’s history and the investment team. Picard highlights the time-tested investment philosophy where the team engages in bottom-up, fundamental analysis to identify high quality companies. Further, she explains why she believes investing in such proven, high quality companies can lead to competitive returns with below average risk over the market cycle.
World prognosis (1 of 3): US & UK
In this first segment of a three part “world prognosis” series of videos, Bill McQuaker, Co-Head of Multi-Asset, assesses the responses of the US and UK authorities as they attempt to re-establish ‘normality’ in the aftermath of the Global Financial Crisis and explores the longer term implications for investors.
World prognosis (3 of 3): Emerging Markets
?In this third and final video in the “world prognosis” series, Bill McQuaker, Co-Head of Multi-Asset, assesses the state of emerging markets, the effect of QE and why their prospects may be pivotal to the overall health of the global economy. McQuaker discusses how the impact of an unbalanced Chinese economy is being felt globally and what’s next for emerging markets.
Fixed Income Perspective: Fed Challenges and EM Dynamics
In this latest video update, Phil Apel, CFA, Head of Fixed Income, James McAlevey, CFA, Portfolio Manager, Steve Drew, Head of Emerging Market Credit and Stephen Thariyan, Global Head of Credit examine recent market volatility and share their views on what it means for investors going forward. Apel comments on the drivers of volatility and contrasting returns in market sub sectors. McAlevey and Drew discuss the sensitivity that the Fed and emerging markets have felt with recent market volatility, while Thariyan highlights where to find value in the credit markets.
Fixed Income: Confronting the Seven Year Itch
In this latest video update, John Pattullo, Co-Head of Retail Fixed Income, notes that credit markets have followed a pattern recently, with spreads reaching a low point every seven years. Pattullo examines the tightening financial conditions in the US and what this means in terms of sector positioning. He explains where value is re-emerging following the market shakeout and why this cycle is more favorable for bank bondholders.
Credit Markets' Undeniable Signal
In this latest video update, Jenna Barnard, CFA, Co-Head of Retail Fixed Income, provides an update on the signals from credit markets, both in high yield and investment grade. With much of the media focused on if and when the US Federal Reserve will begin raising rates, an important phenomenon has gone unnoticed – the bear market and credit spreads in bond markets.
Reaction to Fed Announcement: A Shift to High Quality
In this latest video update, Michelle Picard, CFA, Portfolio Manager, provides an outlook on the remainder of the year and notes she was not surprised by the Fed's decision to leave interest rates unchanged. She still believes that the Fed will increase rates before year end. With a US interest rates hike on the horizon, an increase in market volatility and slow growth, Picard explains why she believes we are entering a high quality market.
Global Equity Income Themes: Two Key Themes
In this latest video update, Ben Lofthouse, CFA, Co-Portfolio Manager of the Global Equity Income Fund, provides a global dividend update and shares key takeaways from the latest Henderson Global Dividend Study. He also discusses two strategic themes in the Fund’s strategy, telecommunications and corporate restructuring, as well as two stock picks that motivate him.
Dividend & Income Builder Celebrates 3-Year with 5 Stars
Ben Lofthouse, Co-Portfolio Manager of the Dividend & Income Builder Fund, provides an update on the Fund’s performance and positioning and notes its recent 5-star Morningstar rating. Ben comments that the biggest driver of the Fund’s performance has been stock selection; they have seen improving economic growth from a low base in the US, UK and Europe. Ben notes they’ve seen good dividend growth; the team continues to focus on dividend growth and cash flow generation. The team believes they are well-positioned for medium term capital growth and importantly, income growth.
Henderson Global Dividend Study - Edition 7
The Henderson Global Dividend Study (HGDS) is a long-term study into global dividend trends, and is the first of its kind. It is a measure of progress that global firms are making in paying their investors an income on their capital. It analyses dividends paid every quarter by the 1,200 largest firms by market capitalization.
In Europe the Winners Remain Unchanged
John Bennett, Head of European Equities at Henderson, discusses the value opportunities created by the Greek crisis, whether the recovery in Europe is sustainable and who may be the potential winners. He also reviews the pharmaceuticals sector and discusses whether he believes that quality growth stocks are now over-priced.
Opportunities in International Equity Markets
Matthew Beesley, CFA, Head of Global Equities, provides an update on the International Select Equity Fund’s strategy and overall market outlook for the second half of 2015. Beesley comments on how well positioned the international markets appear to be relative to the challenges that the US may be facing soon. Further, he notes that he is finding significant opportunities in both European and Japanese markets while having an increased interest in the Emerging Markets.
Global Equity Income Fund, Quarterly Review and Outlook
Job Curtis, Director of Global Equity Income, provides a portfolio and economic update for the Henderson Global Equity Income Fund (HFQAX). Broadly speaking, with growth picking up in Europe and well established in the US, he believes the outlook for equity markets is reasonably good. There is plenty of dividend yield out there and we are able to find companies with a combination of dividend yield and dividend growth.
An Update on China from Charlie Awdry
Charlie Awdry, Investment Manager in Henderson’s Asia ex Japan equities team, discusses the recent volatility we are seeing in Chinese equity markets. With shares being suspended from trading and further government action expected, this downturn in Chinese equities is causing nervousness among investors in the retail investor dominated Chinese markets.
Update on Greece
What happens next in Greece? The immediate impact of the referendum will be to greatly intensify financial and economic pressures in Greece. Now without a bailout, Greece will struggle to find the cash to pay for pensions and public sector wages. The government’s only option may be to make these payments in some form of IOUs in the weeks ahead.
Strategic Income: Positioning & Opportunities
John Pattullo, Co-Head of Retail Fixed Income, discusses the Strategic Income Fund’s positioning and the current market environment. He notes the macro environment remains benign with some volatility spikes which can provide opportunities. John adds the deflation scare is broadly out of the way and Europe now in a better place with some growth coming through, which is encouraging.
Fixed income update: rate rise headwinds and value opportunities
Fixed income markets have faced challenging conditions of late. The belief that the US Federal Reserve may raise rates this year led to a re-pricing at the more interest rate-sensitive, longer maturity end of many bond markets. Henderson’s Fixed Income team had, however, broadly repositioned in anticipation and portfolios tended to benefit as a result. In this video, Phil Apel, Head of Fixed Income, looks at the market backdrop, while Stephen Thariyan, Global Head of Credit, and Colin Fleury, Head of Secured Credit, explain where they have found value in the corporate bond…
ThinkBonds: who is buying a strong US dollar?
The US dollar has seen a substantial rise over the last nine months. In this video we explain why we think it will remain at elevated levels and examine what this means for investors.
The accepted argument for the strength of the US dollar has been economic divergence between the US and other regions, subsequently leading to a divergence in central bank policy. However, while the US economy is clearly stronger and moving at a faster pace than many peers, the likelihood of positive growth surprises elsewhere is increasing.
Summer Breezes, Summer Squalls
Bill McQuaker, Co-Head of Multi-Asset, gives his views on recent market shake out and explains why he expects a change in tone for the months ahead. Speaking on 5/19/15, Bill explains that the clear trends and consensual trades of late are unlikely to return through the summer months as confidence takes time to recover and outlines how he has repositioned accordingly.
Henderson Unconstrained Bond Fund (HUNAX) update
James McAlevey, Head of Interest Rates and Kevin Adams, Director of Fixed Income, provide a review of the Henderson Unconstrained Bond Fund’s performance in April and discuss the drivers of the recent increase in bond market volatility. Performance in April was reasonably good particularly in the context of global bond markets selling off quite substantially.
Finding Opportunities in Dividend Paying Equities
Alex Crooke provides a portfolio and economic update for the Henderson Global Equity Income Fund (HFQAX). Alex notes that he is currently favoring defensive sectors on valuations as well as income and has been increasing the Fund’s allocation to Europe. Broadly speaking, Alex sees the world growing at a reasonable rate with unemployment is falling in many markets which should lead to better/greater consumer spending. He notes that though equity prices are higher than they have been, there is still good value and strong dividend growth in many sectors and regions.
Asian Markets Host Potential for Long Term Growth
In this latest video update, Sanjeev Lakhani, CFA, Co-Portfolio Manager of the International Select Equity Fund, highlights a recent trip to Asia and discusses why India, Indonesia, China and Japan offer long term growth. Historically, China has been a difficult market to invest in, however, there do appear to be signs that it is changing. India and Indonesia both have reform-minded leaders who plan to invest in their countries infrastructure. India has reduced its account deficient and has benefited from low oil prices.
Favorable growth in European bond markets
Phil Apel, Head of Fixed Income, reviews European current fixed income market trends and provides an outlook for the bond market throughout 2015. Apel reflects that during Q1, global bond markets were positively driven by the actions of the Federal Reserve and the European Central Bank (ECB) resulting in bonds yields generally falling, and good returns for government bond markets.
Henderson Strategic Income Fund (HFAIX) 1st Quarter 2015 Review
Jenna Barnard, CFA, co-lead portfolio manager of the Henderson Strategic Income Fund (HFAIX) provides a 1st quarter 2015 update on the performance and positioning of the Fund. She notes that the Strategic Income Fund has seen strong relative performance on the back of an overweight to the European fixed income market in particular favored themes such as legacy banking bonds, investment grade insurance and the convergence of the European telecommunications sector. As of 2/28/15 the Fund held the following securities: Liberty Global 2.6% of NAV, Vodafone 0.0% of NAV.
Global dividends reach new record in 2014
Alex Crooke reviews the latest Henderson Global Dividend Study (HGDS) findings where he notes global dividends reached a new record in 2014, with the United States leading the charge. Global dividends soared 10.5% to $1.167 trillion in 2014, a new record. Underlying growth was still robust at 8.8%, even with generous special dividends, exchange rate movements and other factors stripped out. The HGDS value reached 159.9 at the end of 2014, meaning that dividends have grown almost 60% in just five years.
Outlook and Positioning
Alex Crooke, Head of Global Equity Income, provides a review of the Henderson Global Equity Income Fund's (HFQAX) recent performance and current positioning as well as providing an update on recent events in Europe. Alex notes that the action of the ECB (European Central Bank) starting a quantitative easing (QE) program as the most significant factor driving markets over the next 6 months. While he believes the program will be a slow modest start with monthly purchases around 60trillion Euros, it should gain traction over the next year or two.
Fixed income macro and portfolio update
John Pattullo, Head of Retail Fixed Income, co-lead portfolio manager for the Henderson Strategic Income Fund (HFAAX) gives an appraisal of the macro environment and explains the current themes within the portfolio. John also shares his thoughts on recent announcement of quantitative easing (QE) made by the European Central Bank (ECB), the Greek vote and issues in the energy sector.
Europe: A look at what lies ahead
Stephen Peak, Director of International Equities, comments on the recent ECB action of quantitative easing and how it provides another necessary ingredient for Europe to progressively improve during 2015. He sees the ECB action as a necessary component of what lies ahead for Europe – with the other components already in place that occurred through the second half of last year. He notes that while it has been a dramatic start to the year, the overall case for international markets looks decent and he believes that Europe will defy the doubters.
Global macro update: Risks and opportunities for early 2015
Matthew Beesley provides an update on global risks and opportunities for early 2015. In general, a good environment for equities is often one in which corporate profitability is growing, and corporate profitability is likely to be growing when GDP growth is present in the world. With a forecast for 2015 of GDP growth globally at 3%, Matthew suggests there are many attractive companies that may deliver decent earnings growth; particularly those companies that have valuations priced for a more disappointing outlook. Matthew seeks to offset risks to the downside by selecting companies where that
A few words on Europe
Tim Stevenson, Director of Pan European Equities, comments on the recent revaluation of the Swiss Franc, political uncertainty and the ECB’s actions in terms of monetary easing. He also notes the recent outperformance of European markets and provides his near term expectations.
2015 Challenges & Opportunities
Matt Beesley, Head of Global Equities at Henderson, discusses current hot topics in the markets going into 2015 including: the oil price, US dollar strength and the possibility of European quantitative easing. With each, Beesley notes, comes a myriad of challenges/risks as well as a lot of opportunities for active stock pickers.
All Asset Outlook 2015: The bright side of growth
Bill McQuaker and Paul O’Connor, Co-Heads of Multi-Asset, assess the macroeconomic backdrop, how it could impact financial markets in 2015, and how this is driving their positioning. Global growth may have disappointed as 2014 comes to an end, but looking ahead to the new year the Multi-Asset Team sees scope for a positive growth surprise, due in part to reduced fiscal tightening and less bank de-leveraging, oil price effects, and supportive central bank policy.
Fixed Income - 2015 Outlook
Phil Apel, Head of Fixed Income at Henderson, shares his views on the outlook for fixed income markets in 2015, and the lessons learnt from a really interesting year for bond investors. In the video he discusses: central bank policy divergence, fixed income liquidity and volatility in 2014, where he sees risks and opportunities in 2015, how a lower oil price could spur growth and his current investment strategy.
Supportive Outlook for Credit Conditions in Europe
The market backdrop in Europe remains familiar; low economic growth, low inflation, relatively low defaults and volatility with the odd spike. This environment is attractive for corporate bond investing.
Seasonals will soon start to kick in, helping credit markets to rally into Christmas and the early months of the new year. However, going forward bouts of volatility should be expected. This year alone there have been two volatility spikes; a 'valuation shakeout' in August and a 'position shakeout' in October. John Pattullo explains what lay behind each event.
Financial Markets Update
Bill McQuaker and Paul O'Connor, Co-Heads of Multi-Asset and Lead Portfolio Managers for the Henderson All Asset Fund, provide their thoughts on what is happening around the world and how recent developments have affected financial markets. They also share insights into the positioning of the Henderson All Asset Fund and how they have reacted to the recent sell-off in financial markets. Further, Bill and Paul highlight the most important developments and risks that they are watching out for into early 2015.
Global Credit Market Update
.jpg)
Phil Apel, Head of Fixed Income discusses the implications of higher interest rates in the US, currency positioning and the divergence of performance across markets both geographically and by asset class. Mr. Apel further notes that while recent volatility in credit markets, particularly in US high yield, has spooked many retail investors, portfolio managers and intuitional smart money are using the weakness to seek new opportunities at very reasonable prices.
How We See Europe Panning Out
Stephen Peak, Director of International Equities, notes that overall, it's been an interesting year so far for European markets and economies. He adds that what started out as a reasonable start to the year, later began to look more doubtful as we hit mid-year. As to the markets themselves, Stephen believes good valuation opportunities exist in Europe - and notes that principally, he takes comfort in the attractiveness in multiples in Europe, specifically on a cyclically adjusted basis.
Potential Benefits of Dividend-paying Equities
Alex Crooke, Head of Global Equity Income, discusses income paying shares and Henderson's equity income strategies (HFQAX, HDAVX). Alex believes that dividend paying shares provide the best long term total return for investors: relatively safe in volatile markets and yet investors are still participating in growth of company's profit and earnings through a dividend stream. Overall Morningstar Rating based on risk-adjusted returns for Class A and I shares among 314 Foreign Large Value funds as of 8/31/14. The information in this article does not qualify as an investment recommendation.
Results 1–50
of 118 found.
