Masa Takeda and Tad Fujimura of Tokyo-based SPARX Asset Management Co., Ltd., subadvisor to the Hennessy Japan and Japan Small Cap Funds, summarize the economic impact of COVID-19 as well as the government’s response. They also discuss the economic impact of a 2021 Olympics and SPARX’s informational advantage.
On a recent conference call, Portfolio Managers Ryan Kelley of the Hennessy Gas Utility Fund and Ben Cook of the Hennessy BP Energy Fund and Hennessy BP Midstream Fund shared their insights on the impact of the current economy on supply and demand dynamics and commodity prices for the oil and natural gas industries.
The Portfolio Managers of the Hennessy Equity and Income Fund discuss the impact of coronavirus on the equity and fixed income markets, finding opportunities in the equity market, changes made to the Fund, and their long-term outlook for interest rates.
Portfolio Managers Dave Ellison and Ryan Kelley provide their thoughts on the impact of coronavirus on the Hennessy Large Cap Financial and Small Cap Financial Funds. They discuss banks’ strong financial position, valuations, and recent portfolio changes.
Portfolio Managers of the Hennessy Gas Utility Fund discuss how the COVID-19 outbreak affected natural gas demand, how low oil prices may benefit natural gas, valuations of Utility stocks, and the Fund’s performance and current level of dividends.
Portfolio Manager Masa Takeda shared his insights on Japan’s economy and market following the coronavirus outbreak as well as the benefits of Asia-based active management when investing in Japan.
The Hennessy Focus Fund Managers discuss the impact of COVID-19 on the economy, the market and the portfolio. They describe how they position the portfolio for difficult economic environments as well as their investment case for RH, the Fund’s newest holding.
Energy is a large complex sector that accounts for just over 4% of the S&P 500 Index. 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.
Tokyo-based SPARX Asset Management Co., sub-advisor to the Hennessy Japan Funds, shares insights on the impact of COVID-19 on the Japanese market.
Chief Investment Officer Neil Hennessy emphasizes maintaining long-term investing goals amid the current uncertainty and market as we remain focused on managing our high-conviction portfolios for the benefit of our shareholders.