GLOBAL (Ex-US) - Denver-based Janus International is now offering institutional investors world-wide access to its risk managed fund.
This is the first time Janus has launched a mutual fund based on its mathematical risk-managed investment strategy for offshore investors.
The Janus World Funds Risk Managed Core Fund, seeks to outperform the Standard & Poor’s 500 index, but with less downside risk. According to Janus all of its US-based accounts have outstripped the S&P500 over one, three and five year periods.
The fund will be managed by Janus subsidiary, Enhanced Investment Technologies (Intech), and is also available to retail investors.
Trading will commence immediately following the initial offer period which is scheduled to run from April 1 through to April 24, 2003.
Richard Garland, chief executive officer of Janus International, said: In these volatile markets, investors want more risk-managed strategies in their portfolios.
“With many investors currently underweight in US equities, [the fund] allows them to increase their exposure to the US equity markets, through a unique and highly risk controlled process.”
Intech uses a mathematical methodology, rather than fundamental analysis of companies, which capitalises on the natural volatility of stock price movement. Intech begins by identifying stocks with high relative volatility and low correlation to each other. The result is a portfolio of stocks that seeks to outperform, but with less downside risk. This structured process results in virtually no style drift, said Janus.
The fund will be marketed in Japan, the Netherlands, Scandinavia, Switzerland, the UK, Germany and Italy.
Targeting non-US investors, Dublin-based Janus World Funds are a family of mutual funds based on some of Janus' strongest-performing US-based funds. The funds use several strategies, including growth, value, core, and risk managed equities through to investment grade bonds, high yield bonds, and money markets.
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