Portfolio Manager Ryan Kelley reviews the Fund’s investment strategy and discusses the Fund’s most recent rebalance and changes in the portfolio composition. He also highlights the fundamental drivers of the sectors with the highest weightings in the portfolio.
The Hennessy Focus Fund Managers present the investment case for three recent additions, Ashtead Group, Camping World, and Metro Bank, to their highly concentrated portfolio and review the reasoning behind their long-term time horizon.
In the following commentary, the Portfolio Managers of the Hennessy Equity and Income Fund discuss the outlook for earnings growth, the disparity between value and growth stock performance, and their viewpoint on interest rates and the fixed income market.
Hennessy Financial Funds Managers Dave Ellison and Ryan Kelley discuss recent merger and acquisition trends, the effect of dividends and share buybacks on bank earnings, growth opportunities for diversified financial services companies, and the drivers of revenue and earnings growth for the companies in the Small Cap Financial Fund.
Hennessy Japan Fund Portfolio Manager Masa Takeda discusses current valuations of Japanese equities and the growth in the factory automation and robotics industries. He also offers his thoughts on the importance of active management, the potential impact of trade tariffs, and Japan’s progress on reform initiatives.
Hennessy Japan Small Cap Fund Portfolio Manager Tadahiro Fujimura offers his outlook for the Japanese economy and earnings growth opportunities for small-cap companies. He also discusses the growth in the factory automation and robotics industries and shares his thoughts on the potential impact of trade tariffs on the Fund’s portfolio.
Gas Utility Fund Portfolio Manager Ryan Kelley describes how natural gas is changing the landscape of energy. He shares his insights on key demand drivers and their outlook for the natural gas industry.
Hennessy Financial Funds Managers Dave Ellison and Ryan Kelley discuss how rising short-term interest rates and deregulation could benefit bank profitability, and they present the investment case for Financials.
Hennessy Japan Small Cap Fund Portfolio Manager Tadahiro Fujimura discusses how corporate earnings growth is driving Japan's stock market higher, why mergers and acquisitions activity is on the rise, and his thoughts on small-cap valuations.
Hennessy Japan Fund Portfolio Manager Masa Takeda discusses structural reform initiatives in Japan, why his Fund can prosper regardless of currency fluctuations, and the potential advantages of investing in large, globally competitive Japanese companies.