Janus Henderson Enterprise Fund Q1 2025 Commentary

(7min)

Summary

  • The Fund outperformed its benchmark, returning -4.03% versus the Russell Midcap Growth Index's -7.12%, driven by strong stock selection in financials.
  • Key contributors included Boston Scientific and SS&C Technologies, while ON Semiconductor and Teleflex detracted due to sector headwinds and company-specific challenges.
  • We remain focused on a disciplined, risk-aware, bottom-up investment approach, favoring companies with sustainable earnings growth and strong balance sheets.
  • Despite market volatility and macroeconomic uncertainty, we avoid overvalued stocks and prioritize long-term returns while managing downside risk.

A double exposure image of skyscrapers with overlay of financial graphs, set against a blurred background, illustrating the concept of business growth

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At a glance

  • Performance
    • The Fund returned −4.03% and the Russell Midcap ® Growth Index returned -7.12%.
  • Contributors/detractors
    • Stock selection in the financials sector contributed to relative performance. Stock selection in the healthcare sector detracted.
  • Outlook
    • We remain committed to

This article was written by

Janus 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

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