Janus Capital launches global multi-asset fund
Janus Capital has announced the launch of the Global Adaptive Multi-Asset fund.
The strategy seeks total returns through the growth and preservation of capital and income by dynamically allocating its assets across a portfolio of equity, fixed-income and Ucits-compliant commodity investments.
The Janus Global Adaptive Multi-Asset Fund targets absolute return in excess of Libor over a full market cycle, a focus on long term compound returns rather than average or relative returns and the control of the risk of loss and a low correlation to other asset classes.
The fund is open to subscription from investors via the Janus Capital Funds plc range in the following countries: Austria, Belgium, France, Germany, Italy, The Netherlands, Spain, Sweden and the UK.
The Janus Global Adaptive Multi-Asset Fund will be led by portfolio managers Ashwin Alankar, global head of Asset Allocation and Risk Management, and Enrique Chang, president, head of Investments.
Chief investment strategist Myron Scholes will contribute to the strategy.
Commenting on the launch, Alankar said: “The Janus Global Adaptive Multi-Asset Fund seeks to provide investors with a strategy that dynamically moves away from assets whose expected downside tail risks are increasing and focus on assets whose expected tail gains are increasing.
“The fund’s flexibility could appeal to a range of sophisticated investors because it aims to be able to dynamically move allocations and may invest up to 100% of its assets in any of the permitted asset classes depending on market conditions, including cash.”
Scholes added : “Compound returns, not average returns or performance relative to a benchmark, should be our major focus. They are enhanced most by mitigation of tail losses and participation in tail gains, each period of time. The options market prices provide valuable information about the risk of each period’s gains and losses.”
At end 2015, Janus Capital group had $192.3bn (€241bn) in assets under management.