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. 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
Henderson High Income Trust plc: Half-Year Results 2023
Portfolio Manager, David Smith, discusses the half-year results for Henderson High Income Trust plc (HHI), including performance over the period and Company dividend outlook. Smith also discusses the Company’s current allocations and his outlook for the market.
Henderson High Income: Energy Transition – Long term growth opportunity for income investors
For many investors, the high inflation, high-interest rate environment of recent years has sparked a renewed emphasis on the importance of income generation within an investment portfolio.
Henderson High Income Trust plc AGM 2023
In the Henderson High Income Trust plc AGM, Portfolio Manager David Smith, discuss performance over the last financial year, the market outlook and portfolio positioning.
Henderson High Income Trust – income stability and growth
In a world of increased economic uncertainty, Henderson High Income Trust’s strategy of diversification and a rigorous pursuit of dividends can provide investors with income stability and growth.
Henderson High Income Trust plc: Full-Year Results
David Smith, Portfolio Manager of Henderson High Income Trust plc, discusses the full-year results for 2022, including the key drivers of performance, areas where he is finding opportunities, the role of bonds in the portfolio, and the outlook for dividends over the coming months.
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.