Janus Henderson European Focus Fund (HFECX) is an open-end mutual fund that seeks long-term capital appreciation primarily through investment in equity securities of European companies, applying a high-conviction, bottom-up stock selection approach unconstrained by market capitalization or style. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in such equities, including common stocks and related securities of companies domiciled in Europe or conducting a majority of their business activity there; its portfolio emphasizes high-conviction ideas across large-, mid-, and small-cap stocks, with top holdings typically including firms such as Allianz SE, Rheinmetall AG, ASML Holding NV, and Compagnie Financiere Richemont SA. Managed by Robert Schramm-Fuchs and Marc Schartz as part of Janus Henderson Investors' Pan European Equities team, the fund targets pricing inefficiencies in under-covered European equities through dedicated research involving hundreds of company meetings annually.
Launched on August 31, 2001, and domiciled in the United States with pricing in USD, the fund operates within the Europe Stock Morningstar category and focuses on institutional and retail investors seeking regional equity exposure. Janus Henderson Investors, the fund's sponsor, resulted from the 2017 merger of Janus Capital Group (founded 1969) and Henderson Global Investors (roots in 1934), and maintains dual headquarters in Denver, Colorado, and London, United Kingdom, with global operations supporting clients worldwide.
Recent developments at Janus Henderson Investors include the October 2024 acquisition of Victory Park Capital Advisors, LLC, a global private credit manager, to enhance securitized credit and private markets capabilities; a strategic partnership with NBK Wealth's private investment arm in 2024 to form an emerging markets private capital division; and the launch of new ETFs such as the Janus Henderson Asset-Backed Securities ETF (JABS). In October 2025, the firm confirmed receipt of a non-binding acquisition proposal from Trian Fund Management and General Catalyst. While no fund-specific launches or reorganizations are noted for HFECX in the past 1-2 years, the broader firm's expansions in alternatives and ETFs complement its equity offerings like this fund.