Whilst COVID-19 has undoubtedly brought its unique challenges, value has been predominantly out of favour since well before the emergence of the virus, and for most of the last decade. Right now, it’s rarely been cheaper … and the premium applied to growth never higher.
Adversity brings opportunity. Has the pandemic ushered in an era where we can confidently anticipate some meaningful re-ratings of these historically cheap valuations?
Watch the best bits of Laura Foll in the Trust TV studio as she discusses her approach to determining ‘value’, the themes she is currently pursuing, the sectors which would seem to offer strong re-rating potential, large vs small cap stocks, whether the return of dividends will act as a catalyst for unlocking the latent value in continental equities, and other themes relevant to the value-seeking investor.
To find out more visit: www.janushenderson.com
References made to individual securities should not constitute or form part of any offer or solicitation to issue, sell, subscribe or purchase the security. Janus Henderson Investors, one of its affiliated advisor, or its employees, may have a position mentioned in the securities mentioned in the report.
For promotional purposes. Not for onward distribution.
Before investing in an investment trust referred to in this document, you should satisfy yourself as to its suitability and the risks involved, you may wish to consult a financial adviser. [Past performance is not a guide to future performance]. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested. [Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change]. Nothing in this document is intended to or should be construed as advice. This document is not a recommendation to sell or purchase any investment. It does not form part of any contract for the sale or purchase of any investment. [We may record telephone calls for our mutual protection, to improve customer service and for regulatory record keeping purposes.]
Issued in the UK by Janus Henderson Investors. Janus Henderson Investors is the name under which investment products and services are provided by Janus Capital International Limited (reg no. 3594615), Henderson Global Investors Limited (reg. no. 906355), Henderson Investment Funds Limited (reg. no. 2678531), Henderson Equity Partners Limited (reg. no.2606646), (each registered in England and Wales at 201 Bishopsgate, London EC2M 3AE and regulated by the Financial Conduct Authority) and Henderson Management S.A. (reg no. B22848 at 2 Rue de Bitbourg, L-1273, Luxembourg and regulated by the Commission de Surveillance du Secteur Financier).
[Janus Henderson, Janus, Henderson, Perkins, Intech, VelocityShares, Knowledge. Shared and Knowledge Labs] are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group plc.