The Janus Henderson Global Technology and Innovation Fund showcased robust performance during the third quarter of 2025, exceeding the S&P 500 Index. This success was largely attributed to the burgeoning influence of artificial intelligence, which propelled substantial growth within the technology sector, particularly in the semiconductor and hardware industries.
Key holdings within the fund, such as Alphabet, Taiwan Semiconductor, and Lam Research, significantly contributed to its positive relative performance. These strategic investments capitalized on the escalating global demand for advanced computing capabilities and infrastructure essential for AI development. However, some investments, including Constellation Software, Amazon, and MercadoLibre, experienced slight setbacks, tempering the overall gains.
The technology landscape is undergoing a profound transformation, driven by the relentless pursuit of AI advancements. Major industry players, often referred to as hyperscalers, are making substantial investments to build the foundational infrastructure necessary to support an AI-powered global economy. This ongoing commitment to innovation and capacity expansion suggests a sustained growth trajectory for the sector, with the fund well-positioned to benefit from these long-term trends.
The advancements in artificial intelligence are not merely technological shifts but societal catalysts, fostering innovation and progress across various domains. The continued investment and development in this sector highlight a future where technology plays an even more integral role in driving global economic and social development, offering promising opportunities for growth and positive impact.