Global Daily round-up (25-01-2012)

January 26, 2012

US markets closed mixed on Tuesday; the S&P 500 finished down 0.1%, the Nasdaq up 0.1% while the Dow Jones traded 0.3% lower. US stock futures are up this morning; in aftermarket trading Apple’s share price rose to more than $460 per share after first quarter profits more than doubled year-on-year to $13.1bn, mainly driven by better-than-expected sales of the iPhone. Later today the Fed is forecast to keep interest rates unchanged and is to release all 17 of its policymakers’ rate projections for 2012 and the next few years, which could signal an extended period of very low interest rates.

European markets are trading mixed this morning ahead of the releases of a key German business sentiment indicator for January and the minutes from the January meeting of the Bank of England’s Monetary Policy Committee. The first estimate of UK Q4 GDP has come in at -0.2%, bringing in economic growth for the full-year to 0.8%. The FTSE Eurofirst 300 was down 0.2% and in London the FTSE 100 was up 0.1% in early morning trading. Chip designer for many Apple products ARM Holdings, is up 3.5% following Apple’s strong quarterly report.

The Henderson Horizon Fund (the Fund) is a Luxembourg SICAV incorporated on 30 May 1985 and regulated by the Luxembourg Financial Services Regulatory Authority.

Atlas JMFS Investments Services Limited (Atlas JMFS) is the Representative in Malta of Henderson Global Investors. Henderson Horizon Fund is authorised to be marketed in Malta in line with the UCITS Directive. Atlas JMFS Investments Services Limited (IS30176), 67 Level 3 South Street, Valletta, Malta is licensed to conduct investment services business by the MFSA, Notabile Road, Attard BKR3000, Malta, and is a member firm of the Malta Stock Exchange, Garrison Chapel, Castile Place, Valletta VLT1063, Malta.

The sub-funds of the Henderson Horizon Funds which have been authorised to be marketed in Malta are eight equity funds and one bond fund.

Investors should remember that the value of investments and any income derived can go down as well as up and past performance is no guarantee to future performance. Any investment decision must be made solely on the basis of the information contained in the prospectus, which is available on request from Henderson Global Investors and may be obtained from the local representative Atlas JMFS.