A news release said the new offerings – Janus Emerging Markets Equity Portfolio, Janus Global High Yield Portfolio and Janus Global Investment Grade Bond Portfolio – are actively managed emerging market equity and global bond strategies.
The Janus Emerging Markets Equity Portfolio will invest in emerging markets securities and will be benchmarked to the MSCI Emerging Markets Index. The strategy, which was formally launched on September 30, 2010, is managed by co-portfolio managers Wahid Chammas and Matt Hochstetler.
The portfolio managers will invest up to 80% in companies domiciled in emerging markets that they believe are trading below their estimate of the stock’s long-term value. They seek quality companies with what they believe have sustainable competitive advantages and high or improving returns on capital.
“Emerging market equities are increasingly becoming an important part of the global economy,” said Jonathan Coleman, Co-CIO, Equity with Janus, in the news release “We think this strategy will be a compelling investment option for investors seeking access to emerging markets in a standalone strategy.”
Meanwhile, the Janus Global High Yield Portfolio and Janus Global Investment Grade Bond Portfolio, which were launched on October 29, 2010, are Janus’ first two global bond strategies. The portfolios, which are co-managed by portfolio managers Gibson Smith and Darrell Watters, will utilize a fundamentally driven investment process focused on credit-orientated investments around the world.
According to the news release, the benchmark for Janus Global High Yield Portfolio is the Barclays Capital Global High Yield Index, and Janus Global Investment Grade Bond Portfolio is benchmarked to the Barclays Capital Global Aggregate Corporate Bond Index. More information is at www.janus.com/institutional.