68: The Control-Alt-Delete recession

“Governments and central banks have spent the last decade trying to avoid a recession – then along comes this pandemic,” says John Bennett, manager of Janus Henderson European Focus fund. “Usually you get bargains in a recession, but this one is different: it’s a Control-Alt-Delete recession and the global economy has been reset.” John discusses some of the winners (industrials) and losers (fast food chains) in Europe and explains how two years of digital disruption have been squeezed in to two months.
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Janus Henderson European Selected Opportunities fund is a long-only portfolio of typically 40-50 stocks. It mixes mega and large blue-chip holdings with some mid-cap and John’s pragmatic approach takes into consideration the overall macroeconomic environment and sector trends, as well as the criteria of individual companies. Janus Henderson European Focus fund is a more concentrated version of Janus Henderson European Selected Opportunities fund.

Read more about Janus Henderson European Selected Opportunities and Janus Henderson European Focus

The views of the author and any people interviewed are their own and do not constitute financial advice. However the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Before you make any investment decision make sure you’re comfortable and fully understand the risks. If you invest in fund or trust make sure you know what specific risks they’re exposed to. Past performance is not a reliable guide to future returns. Remember all investments can fall in value as well as rise, so you could make a loss.

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