David Smith, CFA
David Smith is a Portfolio Manager on the Global Equity Income Team at Janus Henderson Investors, a position he has held since 2008. David manages an investment trust and a number of UK equity institutional funds. He joined Henderson in 2002, initially working in operations and progressing to the UK Equities Team, and is now part of the Global Equity Income Team.
David graduated with a BSc degree (Hons) in chemistry from Bristol University. He holds the Investment Management Certificate and the Chartered Financial Analyst designation. He has 21 years of financial industry experience.
Products Managed
Articles Written
UK companies well positioned to weather uncertainty
David Smith, Portfolio Manager of Henderson High Income, discusses the Company’s impressive dividend record, UK equity market valuations and areas where he is finding performance, the comeback of bonds, and the outlook for UK dividends in a recessionary environment.
10 Years of Consecutive Dividend Growth
Despite a volatile market environment, Henderson High Income has increased its dividends for 10 consecutive years at a rate in line with inflation. Here, we look at how Portfolio Manager David Smith has utilised the investment trust structure and prudent stock selection to navigate a challenging market environment.
2023 Outlook: David Smith, Portfolio Manager
“While the outlook is uncertain, the Trust is more focused on finding further opportunities in cyclicals where valuations are particularly compelling, remembering that share prices historically trough before economies do.”
Henderson High Income Trust Fund Manager Commentary – October 2022
David Smith, Portfolio Manager of Henderson High Income, provides an update on the Company, highlighting factors currently impacting the UK market, the key drivers of performance, and recent portfolio activity.
Time to batten down the hatches?
David Smith, Portfolio Manager of Henderson High Income Trust, talks about the factors currently impacting the UK market, including inflation and interest rates amid a cost-of-living crisis. David also touches on the recent turmoil within bond markets and the need for prudent diversification in volatile market environment.
Henderson High Income Trust – September Commentary 2022
David Smith, Portfolio Manager of Henderson High Income, provides an update on the Company, highlighting factors currently impacting the UK market, the key drivers of performance, and recent portfolio activity.
Henderson High Income – Last man standing
This research explores the macro and micro economic factors currently affecting UK markets, such as elevated inflation and higher interest rates amid a cost-of-living crisis. It also looks at how Portfolio Manager David Smith is navigating these challenges, and how the portfolio is positioned to cope with market uncertainty.
Looking beneath the surface of the UK market’s performance
Despite increasing economic and geopolitical headwinds, the UK market has been relatively resilient compared to global peers. However, beneath the surface, all is not as it seems. In this article, David Smith, Portfolio Manager of Henderson High Income, examines the performance of the UK market and asks whether now is the time to invest in cyclical stocks.
Henderson High Income Trust Fund Manager Commentary – August 2022
David Smith, Portfolio Manager of Henderson High Income Trust, provides an update on the Trust highlighting the key drivers of performance over the month and recent portfolio activity.
Henderson High Income Trust Fund Manager Commentary – July 2022
David Smith, Portfolio Manager of Henderson High Income Trust, provides an update on the Trust highlighting the key drivers of performance over the month of July and outlines recent portfolio activity.
Henderson High Income Trust Fund Manager Commentary – June 2022
David Smith, Portfolio Manager of Henderson High Income Trust, provides an update on the Trust highlighting the key drivers of performance over the month of June and outlines recent portfolio activity.
Standing up to market challenges
David Smith, Portfolio Manager of Henderson High Income Trust, discusses the factors currently affecting the UK market, navigating concentration risk, and how consumers and businesses are dealing with rising costs. David also highlights why bonds are essential for diversification and provides his outlook for UK dividends.