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Insights

Portfolio Manager Commentaries

Thoughts and Opinions
  • The Technology Fund Portfolio Management team describes the Fund's stringent criteria that seeks high-quality companies with the potential to participate in the growth and innovation of technology. They share their insights on why low book leverage is an important metric in the Technology sector and why the portfolio is limited to just 60 stocks.
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  • President & Chief Investment Officer Neil Hennessy shares his thoughts on why he believes the current bull market will continue into 2017 and beyond. He recounts the events that influenced investors over the past year and discusses how U.S. corporations have been resilient despite persistent headwinds. He also provides his perspective on the factors that could lead to higher corporate profits and a stronger economy.
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  • Hennessy Cornerstone Mid Cap 30 Fund Manager, Brian Peery, discusses the most recent rebalance of the Fund and what differentiates this year's portfolio from years past. He also details the Fund's top sector weightings and provides his insight on macroeconomics factors that could drive these sectors higher in the coming year.  Read More
  • Hennessy Focus Fund Portfolio Managers David Rainey, Brian Macauley and Ira Rothberg share their expectations for Fund performance in different market conditions and discuss how macroeconomics factors support their company-specific decision making. They share insights into a recent addition to the portfolio and explain how ongoing research reinforces their investment thesis. Read More

  • Hennessy Gas Utility Fund Managers, Skip Aylesworth and Ryan Kelley, believe the case for natural gas remains strong and expect a far more favorable regulatory and legislative environment under the Trump administration. They discuss U.S. natural gas exports, which are expected to continue growing and remain an important support for both gas production and prices. They also describe the factors that drove the Fund's performance in 2016 and favorable trends that could drive performance in the year ahead. Read More
  • Hennessy 2016 CIO Roundtable  Neil Hennessy moderated a lively discussion with our team of tenured Portfolio Managers representing all 16 Funds. Topics covered: Where the market may be headed and what could derail its momentum, wages and inflation, companies' growing cash balances and the merits of high conviction investing -  all against a backdrop of a volatile market.  Read More
  • Financial Funds Managers, Dave Ellison and Ryan Kelley, discuss what drove the recent rally in Financial stocks. They share their insights on how rising interest rates and deregulation could usher in a growth phase for banks not seen in over a decade, and they explain how their portfolios are poised to benefit from these catalysts. Read More
  • Japan Small Cap Fund Manager, Tad Fujimura, and Japan Fund Manager, Masa Takeda, discuss a number of stimulus and reform initiatives that should drive Japan's economic growth. They share their insights on corporate earnings growth and why Japanese companies may beat estimates this year. They also explain why they believe Japanese stocks are fairly or slightly undervalued. Read More
  • Hennessy Cornerstone Value Fund Portfolio Manager, Brian Peery, discusses the Fund's quantitative investment strategy and notable portfolio changes since the most recent rebalance. He also shares his insight on whether an interest rate increase would affect the dividend-paying stocks which comprise the portfolio.  Read More
  • Hennessy Cornerstone Growth Fund Manager, Brian Peery, discusses the Fund's rebalanced portfolio, including sector weighting and market capitalization shifts, and why he believes it is well positioned for a slower growth environment. Brian also shares his insights on underlying macroeconomic trends driving the portfolio.  Read More
  • The Equity and Income Fund Portfolio Managers discuss where they are finding opportunities in both the equity and fixed income markets. Jon Moody discusses the equity portion of the portfolio and shares his views on current stock valuations, tax repatriation and the potential impact of rising interest rates on dividend-paying companies. Gary Cloud discusses the fixed income portion of the portfolio and factors to consider in 2017.  Read More
  • Hennessy Total Return Fund and Hennessy Balanced Fund Portfolio Manager, Brian Peery, explains the investment strategy known as the "Dogs of the Dow" and discusses the potential power of dividend-paying companies. Read More
  • Hennessy Cornerstone Large Growth Fund Manager, Brian Peery, explains the Fund's disciplined and time-tested investment formula as well as why return on capital is a key stock selection metric. Brian also discusses the composition of the portfolio following the most recent rebalance and why the increased weighting in the Industrials sector may benefit from the continued low price of oil. Read More

Opinions expressed are those of the Portfolio Manager(s) and are subject to change, are not guaranteed and should not be considered investment advice.