The fund underperformed the MSCI World Index by 0.5 percentage points amid AI disruption fears and geopolitical tensions.
Janus Henderson’s Global Sustainable Equity Fund reduced its Microsoft (MSFT) holding in Q1 2026, returning -3.07% for the quarter. The MSCI World Index fell 3.57% over the same period, with the fund’s IT stock selection partially offsetting losses.
AI infrastructure-linked stocks supported performance, while AI disruption concerns and limited energy exposure weighed on returns. Geopolitical risks, including U.S.-Iran tensions, contributed to a late-quarter decline after a strong start.
Energy was the sole outperforming sector, as the fund maintained focus on companies with pricing power and long-term growth themes.