Janus Henderson International Dividend Fund Q3 2025 Commentary
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Janus Henderson Investors3.6K FollowersFollow5ShareSavePlay(9min)CommentsSummaryJanus Henderson International Dividend Fund returned 2.91% and the MSCI World ex-USA Index returned 5.33%.Stock selection in information technology and consumer discretionary aided relative returns, while stock selection and underweight exposure in financials and materials detracted.We continue to see compelling opportunities across sectors and geographies to generate attractive capital and income returns for investors over the medium to long term. Hiroshi Watanabe/DigitalVision via Getty Images At a glance Performance The Fund returned 2.91% and the MSCI World ex-USA Index returned 5.33%. Contributors/detractors Stock selection in information technology and consumer discretionary aided relative returns, while stock selection and underweight exposure inThis article was written byJanus Henderson Investors3.6K 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.comQuick InsightsWhat drove the Janus Henderson International Dividend Fund's underperformance versus the MSCI World ex-USA Index?Underperformance was primarily due to stock selection and underweight exposure in financials and materials, despite strong gains in information technology and consumer discretionary holdings.How is the Fund positioning for future growth amid ongoing geopolitical and policy uncertainty?The Fund maintains a selective, actively managed approach, focusing on sectors and regions with policy shifts supporting growth, such as fiscal stimulus in Europe and stabilization in China.What is the Fund's outlook on holdings perceived as AI-disrupted, like RELX and Publicis?Despite market concerns, I retain positions in RELX and Publicis, believing their long-term growth potential outweighs near-term fears of AI-driven business disruption.Recommended For You