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Stock impact report

Janus Henderson European Focus Fund Q4 2025 Commentary [Seeking Alpha]

RHEINMETALL AG UNSP/ADR (RNMBY) 
Company Research Source: Seeking Alpha
Several of our holdings in the European banking sector contributed positively, reflecting the more favorable operating environment for the sector. Notable detractors during the period included German defense company Rheinmetall, as signs of progress toward a Ukraine/Russia peace deal caused defense-related stocks to give back gains. We remain positive about the outlook for European equities, as the asset class combines exposure to attractive global trends alongside a potential domestic economic revival. Global macroeconomic tailwinds, driven by anticipated monetary easing and a likely more stable trade environment, should provide a supportive backdrop for Europe's global champions. rawintanpin/iStock via Getty Images At a glance Performance The Fund returned 5.50% and the MSCI Europe Index SM returned 6.20%. Contributors/detractors Contributors to relative performance included several financial sector holdings as well as Actividades de Construcción y Servicios ( T Show less Read more
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