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September 2024
With a global shift to renewable energy and rising urbanization, copper demand is expected to grow while supply remains constrained. We believe copper miners such as Freeport-McMoRan, are poised to benefit from this trend.
The Portfolio Managers share their insights on midstream companies’ strong performance over the past year, companies’ capital allocation approach that is aligned with shareholders, and current valuations.
Portfolio Managers Ben Cook and Josh Wein discuss Energy sector performance in the first half of 2024, how rate cuts could affect Energy companies, mergers and acquisition activity, the adoption of renewable energy, copper producer Freeport-McMoRan, and an Energy outlook.
August 2024
The Portfolio Managers of the Hennessy Gas Utility Fund discuss how rate cuts could affect natural gas utilities, the types of companies in the AGA Stock Index, natural gas demand, renewables, utilities’ earnings growth and dividends, and current valuations.
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.
In the following commentary, the Portfolio Managers of the Hennessy Focus Fund (HFCSX/HFCIX) cover potential beneficiaries of rate cuts, their case for cyclical areas of the market, the Fund’s earnings growth rates and valuation, new holding Floor & Decor, and their outlook for the Fund.
In the following commentary, the Portfolio Managers of the actively managed Hennessy Equity and Income Fund (HEIFX/HEIIX) share their perspective on the equity and fixed income markets, a new equity holding, where on the yield curve they are finding opportunity, and their outlook for the remainder of 2024.
In Episode 21 of Viewpoints by Hennessy, Ben Cook, Portfolio Manager of the Hennessy Energy Transition Fund, explores the link between AI technology and rising energy demand around data centers' energy needs.
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.
With welcomed levels of inflation, a weak currency and an accommodative central bank, Japan is attracting considerable investor attention. The Portfolio Management team discusses their thoughts on interest rate direction, wage increases, record levels of tourism, and how the Fund is positioned to benefit in this economic environment.
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