Continue
September 2023
In the following commentary, the Portfolio Managers of the Hennessy Focus Fund provide an update on the holdings, including which companies might benefit the most as the Federal Reserve ceases its rate hikes. The team also discusses opportunities in the growth of artificial intelligence, its Financials holdings, and Warren Buffett’s new position in NVR.
July 2023
The Portfolio Managers of the Hennessy Equity and Income Fund provide a recap of the equity market, discuss expectations for interest rates, and give insight into where they are finding equity and fixed income opportunities.
Many midstream companies offer a higher-quality balance sheet, consistent distribution growth, and a higher distribution coverage. Read our investment case for midstream equities.
June 2023
With many small- and large-cap funds extending their reach to the mid-cap space, some investors may assume they have covered all asset classes. They could be missing out on the power of a mid-cap allocation.
Increased attention is being paid to the inclusion of focused mutual funds in portfolio allocations. Studies have shown that concentrated portfolios can provide meaningful performance advantages over time.
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.
Energy is a large and complex sector. The sector’s broad sub-industries can be divided into a “value chain,” each segment of which has different characteristics and offers different investment opportunities.
Ryan Kelley, CIO of Hennessy Funds, gives his thoughts and outlook on current issues in the market. He continues to have a positive long term view.
In the following commentary, the Portfolio Managers of the Hennessy Focus Fund compare the portfolio’s earnings growth rates and valuations to its benchmark. They also provide insights into several holdings including O’Reilly Automotive, American Tower, Shenandoah Telecommunications, and AST SpaceMobile.
*Required Fields