Janus Henderson UK Responsible Income Fund on Experian plc
Thesis
Experian is included among the fund's data and information-services holdings that have been pressured by fears that AI will disrupt their businesses. The managers disagree with that market view and believe valuation remains attractive given the companies' long-term prospects. The pitch rests on the idea that the market has over-discounted AI disruption risk for a durable data franchise. ([Experian][4])
“We continue to disagree with this view and, despite some better share price performance recently, we believe these companies remain attractively valued given their long-term prospects.”
Key risks
- AI-driven disruption could reduce the value of incumbent data and information-service platforms