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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
In Q3 2025, the Janus Henderson Global Sustainable Equity Fund (Class I) returned 2.95%, underperforming the MSCI World Index's return of 7.27%. The underperformance was primarily driven by weak stock selection in information technology and financials, alongside a lack of exposure to certain mega-cap AI beneficiaries. Conversely, the fund's underweight allocations to consumer staples, healthcare, and real estate, alongside positive contributions from electrification-exposed names like Prysmian and TE Connectivity, aided relative results. Detractors included Spotify, Intact Financial, and Saint-Gobain, though the investment theses for these positions remain intact. The management team remains constructive, viewing AI not as a fad but as a transformative 'New Industrial Revolution' that serves as a catalyst for sustainable progress.
Sustainability is the ultimate 'north star' for long-term compound investing. Companies that actively align with positive environmental and social transitions—such as electrification and carbon reduction—while driving technological innovation will create superior and more resilient long-term economic value.
The managers believe that U.S. policy changes and broader global macroeconomic trends in 2025 will yield compelling opportunities in sustainable development. Despite debates over whether the market is starting a new productivity cycle or forming a speculative bubble, they remain focused on high-quality, durable businesses well-equipped to navigate both hype and macro headwinds.
As of Sep 30, 2025
Hamish Chamberlayne, CFA, serves as Head of Global Sustainable Equities and has managed the fund since December 31, 2013. He holds a master's degree in chemistry from the University of Oxford and has over 21 years of financial industry experience. Aaron Scully, CFA, joined as Portfolio Manager on June 28, 2019, and holds a B.S. in finance from Indiana University with 26 years of financial experience. The Global Sustainable Equity Strategy was originally launched in July 1991, making it a strategy with over 30 years of track record. The management team operates from both Denver, Colorado and London offices, bringing extensive experience in sustainable investing and ESG integration.
Lead Portfolio Manager
High Conviction Bullish
Market Conviction
High-conviction positioning: The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Growth Outlook
Market outlook remains above average conviction: The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Risk Appetite
Risk appetite posture is moderate conviction: The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Forward Guidance
Forward guidance signal: The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Language Signal
Tone analysis indicates above average conviction language: The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Perceived Risk
Perceived risk level is evaluated as above average conviction. The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Opportunity Density
Opportunity density index indicates above average conviction actionable entry points. The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Janus Henderson Global Sustainable Equity Fund lagged its benchmark in Q3 2025 due to a lack of exposure to some momentum-driven AI mega-caps, but the managers remain highly co...
Top Conviction Themes
Key Catalysts
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