For individual investors in the UK

David Smith, CFA

Portfolio Manager
David Smith, CFA | Janus Henderson Investors

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 20 years of financial industry experience.

Articles Written

Time to batten down the hatches?
Investment Insights

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
Investment Insights

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
Investment Insights

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
Investment Insights

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
Investment Insights

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
Investment Insights

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
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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
Investment Insights

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.

Next – the evolution of a high street retailer
Investment Insights

Next – the evolution of a high street retailer

David Smith, Portfolio Manager of the Henderson High Income Trust, provides his insights into one of the Trusts’ long-term holdings – Next.

Henderson High Income Trust
Investment Insights

Henderson High Income Trust

David Smith, Portfolio Manager of Henderson High Income, delivers the 2022 Annual General Meeting presentation to shareholders. David covers performance over the last financial year and portfolio activity over the period.

What to buy when the consumer is under pressure
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What to buy when the consumer is under pressure

In this article, David Smith, Portfolio Manager of Henderson High Income Trust, explores the factors contributing to higher living costs and their impact on households. David also highlights businesses that might benefit as they offer a good value proposition for consumers.

Rethinking the role of bonds
Investment Insights

Rethinking the role of bonds

With bond yields close to all-time lows and credit spreads quite tight, what role can bonds play within an equity/bond portfolio going forward? In this article, we discuss the approach adopted by David Smith, Portfolio Manager of Henderson High Income Trust, his underlying rationale, and the impressive results the Trust has delivered.