Taiwan Semiconductor Manufacturing Company’s strong performance drove gains in Janus Henderson’s fund amid broader market volatility.
Taiwan Semiconductor Manufacturing Company (TSM) emerged as a top contributor to the Janus Henderson Global Sustainable Equity Fund’s first-quarter 2026 performance. The fund returned -3.07%, outperforming the MSCI World Index’s -3.57%, supported by strong stock selection in AI-related technology sectors.
The fund’s relative outperformance was driven by holdings tied to artificial intelligence infrastructure, though concerns over AI disruption and geopolitical tensions weighed on broader results. Energy was the sole sector to post gains, while minimal exposure to the segment limited upside.
Market volatility early in the quarter stemmed from U.S.-Iran tensions and fears of AI overinvestment. Despite this, the fund maintained focus on companies with durable pricing power and long-term growth potential.