Please ensure Javascript is enabled for purposes of website accessibility Horizon Emerging Markets Innovation Fund - Janus Henderson Investors
For individual investors in Luxembourg

Horizon Emerging Markets Innovation Fund

An emerging markets equity strategy seeking growth opportunities across the three phases of innovation – building, scaling, and compounding.

ISIN
LU2531796436

NAV
USD 104.72
As of 17/06/2024

1-Day Change
USD 0.01 (0.01%)
As of 17/06/2024

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term. Performance target: To outperform the MSCI Emerging Markets Index, after the deduction of charges, over any 5 year period.

More

The Fund will invest at least 80% of its net assets in equities or equity-related instruments of emerging markets companies. The Fund will invest in companies focused on innovation, meaning companies that the Investment Manager believes:
• have, or will develop, products, processes, or services, that will provide advancements or improvements in their geographical region or consumer market; or
• rely on technology in connection with their operations or services.
The Fund may invest in companies of any size, including smaller capitalisation companies, in any industry.
Equities may include China A-Shares, directly through the Stock Connect Programs and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares will not be more than 60% of the Fund’s net asset value.
The Fund may also invest in other assets including companies outside emerging markets. For treasury management and/or defensive purposes, the Fund may hold cash, treasury bills pending reinvestment, investment grade fixed income instruments and money market instruments.
The Investment Manager may use derivatives (complex financial instruments) (e.g. total return swaps) for investment purposes, to reduce risk or to manage the Fund more efficiently.
The Fund is actively managed with reference to the MSCI Emerging Markets Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund's performance target and the level above which performance fees may be charged (if applicable). The Investment Manager has discretion to choose investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

Less

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.

Investment into the fund will acquire units / shares of the fund itself and not the underlying assets owned by the fund.

ABOUT THIS FUND

We believe conditions are ripe for a material expansion in emerging market led innovation, driven by digitalized economies, large domestic populations, and a new era of policy support. We seek to generate strong investment returns by identifying emerging market companies that are driving this innovation. We expect these innovators to create exponential, step-change improvements that generate durable value for all stakeholders.

Past performance does not predict future returns. 
 

WHY INVEST

Our Team: Experienced EM investors that have built extensive local market relationships and benefit from the broad resources of a global firm

Innovation Threshold: Our three-lens approach that emphasizes the addressable market size, business models, and entrepreneurs to identify innovative growth opportunities

Intentional Approach to Growth: Disciplined risk management seeks to balance capital allocation across the three phases of innovation to create an unconstrained, open-ended growth portfolio

Past performance does not predict future returns. 
 

PORTFOLIO MANAGEMENT

Daniel J. Graña, CFA

Portfolio Manager

Industry since 1995. Joined Firm in 2019.

Matthew Culley

Portfolio Manager | Research Analyst

Industry since 2008. Joined Firm in 2019.

Performance

Past performance does not predict future returns. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Cumulative & Annualised Performance (%)
As of 31/05/2024
H2 USD (Net) MSCI Emerging Markets NR
 
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
10/05/2023
H2 USD (Net) - - 6.38 - - - 4.23
MSCI Emerging Markets NR 0.56 3.41 12.39 - - - 9.54
Calendar Year Returns (%)
As of 31/03/2024
H2 USD (Net) MSCI Emerging Markets NR
YTD PERFORMANCE INCEPTION
10/05/2023
H2 USD (Net) 1.00 3.60
MSCI Emerging Markets NR 2.37 6.51
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 0.60%
Ongoing Charge
(As of 30/06/2023)
1.38%
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate MSCI Emerging Markets Index

Portfolio

Index represents the MSCI Emerging Markets Index

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance does not predict future returns.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares/Units can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • Emerging markets expose the Fund to higher volatility and greater risk of loss than developed markets; they are susceptible to adverse political and economic events, and may be less well regulated with less robust custody and settlement procedures.
  • The Fund may invest in China A shares via a Stock Connect programme. This may introduce additional risks including operational, regulatory, liquidity and settlement risks.
  • The Fund is focused towards particular industries or investment themes and may be heavily impacted by factors such as changes in government regulation, increased price competition, technological advancements and other adverse events.
  • The Fund may use derivatives to help achieve its investment objective. This can result in leverage (higher levels of debt), which can magnify an investment outcome. Gains or losses to the Fund may therefore be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund, or you invest in a share/unit class of a different currency to the Fund (unless hedged, i.e. mitigated by taking an offsetting position in a related security), the value of your investment may be impacted by changes in exchange rates.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund may incur a higher level of transaction costs as a result of investing in less actively traded or less developed markets compared to a fund that invests in more active/developed markets.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • The Fund follows a growth investment style that creates a bias towards certain types of companies. This may result in the Fund significantly underperforming or outperforming the wider market.
  • Information on compliance with EU Sustainability related disclosures can be found here.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.