Janus Henderson Global Sustainable Equity Managed Account Q4 2025 Commentary

Janus Henderson Investors3.61K FollowersFollow5ShareSavePlay(13min)CommentsSummaryThe Portfolio returned -1.67% ((gross)) and the MSCI World Gross TR returned 3.20%.Global equity markets rose in the fourth quarter, with many indices nearing new record highs.NVIDIA became the first company to reach a $5-trillion market capitalization, and the rally continued to broaden to the rest of the AI value chain.TSMC continued its positive momentum with robust third-quarter results, driven by strong demand for its advanced products and cost improvements.Clean technology economics have reached a tipping point, with renewables and EVs achieving cost parity, driving record investment of $2 trillion in 2025. Khanchit Khirisutchalual/iStock via Getty Images At a glance Performance The Portfolio returned -1.67% (gross) and the MSCI World Gross TR returned 3.20%. Contributors/detractors Stock selection in healthcare and an underweight allocation to real estate contributed to relative performance, while stockThis article was written byJanus Henderson Investors3.61K FollowersFollowJanus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.com