​Janus Henderson’s Castor Fund Finds Opportunities in Long-Dated Forwards

Janus Henderson is finding value and opportunities in trading long-term Euro Stoxx 50 forwards to capture the deep dislocation in long-dated dividends. The trades come with dividend curves being sharply downward sloping in Europe – pricing falls in dividends – as opposed to being upward sloping in the U.S. and Japan, illustrating pricing growth in dividends that has been prevalent overall.