Don't Give Up on the Eurozone

As Europe’s economy (and stock markets) wobble, Janus Henderson European Focus Fund (HFETX) keeps its footing with a focus on large Europe-based multinationals.

coin purse stuffed with euros
(Image credit: Getty Images)

As economies go, Europe is struggling. It’s still emerging from the pandemic, and a war in Ukraine has severely slowed natural gas supplies from Russia, helping to push inflation to 40-year highs. The odds of a recession have soared this year, and the European stock market has noticed.

The MSCI Europe stock index, which holds roughly 430 stocks across the continent, is down 17.1% over the past year. Funds that invest in Europe are down an average 21.4% over that period. However, Janus Henderson European Focus Fund (HFETX) is weathering the storm better than its peers, losing only 17.5% over the past year. It’s three-year annualized return is a whopping 14.8%.

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Rivan V. Stinson
Ex-staff writer, Kiplinger's Personal Finance

Rivan joined Kiplinger on Leap Day 2016 as a reporter for Kiplinger's Personal Finance magazine. A Michigan native, she graduated from the University of Michigan in 2014 and from there freelanced as a local copy editor and proofreader, and served as a research assistant to a local Detroit journalist. Her work has been featured in the Ann Arbor Observer and Sage Business Researcher. She is currently assistant editor, personal finance at The Washington Post.