Janus Henderson Global Equity Income Fund now available through mFund
Access the Janus Henderson Global Equity Income Fund via mFund code: JHI03
Janus Henderson Global Equity Income Fund
The Janus Henderson Global Equity Income Fund (‘Fund’) seeks to achieve a dividend yield that exceeds the dividend yield of the MSCI World ex-Australia Index (net dividends reinvested) in AUD with the potential for long-term capital growth.
Investment strategy & philosophy
The Fund seeks to deliver regular income distributions with the potential for long-term capital growth through its investment in companies that the Manager has identified as having the potential for strong and growing levels of free cash flow. The Fund is actively managed and typically holds between 50-80 companies diversified across geographic regions and industrial sectors.
The investment philosophy of Janus Henderson Investors' Global Equity Income Team is that over the long term, a portfolio of above average yielding companies with the ability to grow their dividends is likely to significantly outperform the broader market.
There are four key reasons supporting this philosophy:
- Cash flow – companies cannot sustain dividends without sufficient cash flow. Cash flow is harder to manipulate than earnings and provides a better indication of a company’s actual return/value.
- Contrarian investing – generally, high yielding stocks tend to be undervalued as either they have disappointed the market, resulting in a falling share price and rising yield, or they are mature, low growth businesses. Consequently, investors either underestimate their ability to produce positive returns or assign a too low valuation to these returns.
- Company management discipline – an emphasis on dividend yields may help company management to focus on the use of capital.
- Investor discipline – a focus on dividend yields provides a clear valuation discipline for the Team. When the dividend yield of a stock moves to a discount to the market, it forces the Team to re-evaluate the investment.
About the Investment Manager
Janus Henderson Australia is a subsidiary of the global asset management group Janus Henderson Group plc (‘Janus Henderson’). Formed in 2017 from the merger between Janus Capital Group and Henderson Group plc, we are committed to adding value through active management. Headquartered in London, Janus Henderson is an independent asset manager that is dual-listed on the New York Stock Exchange and the Australian Securities Exchange. As at 30 June 2018, Janus Henderson had $500.9 billion in assets under management, more than 2,000 employees and offices in 28 cities worldwide.
This document is issued by Janus Henderson Investors (Australia) Funds Management Limited (AFSL 444268, ABN 43 164 177 244) (‘Janus Henderson’). The information provided in this document may not be disclosed, copied or distributed in any form without the express permission of Janus Henderson Investors (Australia) Funds Management Limited and to the extent that it is passed on, care must be taken to ensure that this is in a form which accurately reflects the information presented here.
The information herein shall not in any way constitute advice or an invitation to invest. It is solely for information purposes and subject to change without notice.
Past performance is not indicative of future performance.
Janus Henderson Investors Australia is the name under which Janus Henderson Investors Australia Limited (ABN 47 124 279 518), Janus Henderson Investors (Australia) Funds Management Limited (AFSL 444268, ABN 43 164 177 244) and Henderson Global Investors (Australia) Institutional Funds Management Limited (AFSL 444266, ABN 16 165 119 531) operate. These companies are wholly owned subsidiaries of Janus Henderson Group plc (incorporated in Jersey, registered no.101484, registered office 47 Esplanade, St Helier, Jersey JE1 0BD).
© Janus Henderson Investors. Janus Henderson, Janus, INTECH and Perkins are trademarks of Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC.