Janus Henderson Horizon Fund - Global Smaller Companies Fund on Avanza Bank Holding AB
Thesis
The fund initiated a position in Swedish digital savings and investment platform Avanza. The managers believe the company can continue gaining market share. Their thesis rests on Avanza's strong customer proposition, attractive cost structure and favourable demographic trends.
“We believe the company is well positioned to continue gaining market share through its strong customer proposition, attractive cost structure and favourable demographic trends.”