Janus Capital International’s Janus Absolute Return Income Fund is now open to subscription from investors via the Janus Capital Funds range in the following countries: Austria, Belgium, France, Germany, Italy, The Netherlands, Spain, Sweden and the UK.
Reinforcing JCI’s commitment to provide best-in-class global macro fixed income strategies for its international investors, the Janus Absolute Return Income Fund will be run by Kumar Palghat and the Janus Global Macro Fixed Income team. This is the second fund launched by the team, and is complementary to the existing Janus Global Unconstrained Bond Fund, managed by Bill Gross.
The Janus Absolute Return Income Fund aims to generate positive absolute returns over a full market cycle by incorporating high quality and high conviction investments in the portfolio. The fund focuses on a combination of capital preservation and income generation, while placing emphasis on risk management and low volatility.
The launch of this fund from the Janus Global Macro Fixed Income team stems from the acquisition of Kapstream Capital, an Australian-based unconstrained fixed-income manager with USD7.2 billion in assets, in December 2015. As part of the acquisition, Kumar Palghat, co-founder of Kapstream and former head of Pimco’s Asia Pacific portfolio management, joined Janus and became a co-portfolio manager of the Global Unconstrained Bond Fund, managed by Bill Gross. Kumar Palghat will now lead the new Absolute Return Income Fund supported by Portfolio Managers and Kapstream colleagues Nick Maroutsos and Steve Goldman.
Commenting on the launch, Kumar Palghat (pictured), Strategy Leader and Portfolio Manager, says: “The Janus Absolute Return Income Fund offers investors a highly differentiated approach to traditional fixed income investing. It aims to avoid the limitations of a duration-weighted benchmark and narrow investment guidelines, instead seeking investments from across global fixed income markets. The portfolio will combine a core of investment grade sovereign, corporate and securitised bonds, as well as an overlay of structural opportunities, while taking advantage of long-term mis-pricings.”
Augie Cheh, President of Janus Capital International, says: “Launched in response to client demand, the Janus Absolute Return Income Fund marks another important milestone in our commitment to expanding our fixed income offering for our clients. The new fund aims to provide positive absolute returns with low volatility by investing with an unconstrained approach across the fixed income universe.
