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September 2024
Japanese equities are currently trading at compelling valuation levels compared to other developed equity markets around the world and relative to their own historical averages. We believe the Japanese market deserves a closer look.
When investing in Japanese businesses, we believe it is imperative to select a manager who is immersed in the culture and can perform in-depth, company-specific research to build a concentrated portfolio of Japanese companies that can outperform a benchmark and weather volatility.
August 2024
While a persistently weak Japanese yen compared to other currencies has negatively impacted Japan’s small and mid-cap stocks, we believe there are also positive factors that could benefit them.
July 2024
The Portfolio Managers discuss the challenges Japanese small-caps have faced amid the depreciation of the yen and the resulting valuation misalignment that could present opportunity for active investors.
In the intricate tapestry of global markets, Japanese small and mid-cap stocks present a particularly compelling narrative. Often overshadowed by their larger counterparts, we believe these stocks offer unique growth opportunities that savvy investors are starting to notice.
June 2024
Ryan Kelly, CIO of Hennessy Funds reflects on the first half of 2024, marked by robust performance across all major indexes and provides his outlook on the U.S. market in a period of uncertainty and volatility.
May 2024
We believe Japanese general insurance companies look attractive. Due to industry consolidation, three insurers control market share and enjoy high profitability and strong pricing power yet remain attractively priced.
April 2024
The Portfolio Managers of the Hennessy Japan Small Cap Fund provide their thoughts on wage increases, book value improvements, and the rebound in tourism. They also possible acquisition candidates in the Fund, potential acquisition candidates, and their bullish outlook.
December 2023
Chief Investment Officer, Ryan Kelley, describes "market myopia" and the eight technology giants' effect on returns in 2023. He reinforces that time in the market and staying mindful of downside risk remains relevant and he believes the outlook for U.S. stocks remains positive.
For the ninth year, our seasoned portfolio management team gathered to share their insightful market and economic perspectives.
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