Janus Henderson Investors announced the launch of its USD fixed maturity bond fund.
The Janus Henderson Fixed Maturity Bond Fund (USD) 2027, which aims to provide a regular income whilst also aiming to preserve the initial capital invested over the term of the portfolio, will invest in a well-diversified portfolio of primarily investment grade bonds from developed markets around the world. Utilising in-depth fundamental company research the fund aims to exploit price inefficiencies and enhance yield with an emphasis on loss avoidance and minimal turnover.
The Fund’s investment team comprises portfolio managers in the firm’s global corporate credit team: James Briggs, Michael Keough, Brad Smith, Tim Winstone and Carl Jones who have over 14 years’ experience in managing portfolios with specific yield and maturity targets. The portfolio managers cover investment grade, high yield and blended solutions and fully leverage the global corporate credit team’s industry sector insights to enhance portfolio yields. They focus on avoiding defaults and downgrades, while identifying adequate compensation for risk taken.
James Briggs, Corporate Credit Portfolio Manager at Janus Henderson Investors said: “Yields on investment grade corporate bonds have risen substantially to levels not seen since the 2008/09 financial crisis. Interest rates and yields are likely to fall as inflation subsides so now is a particularly advantageous time to lock in these yields. A fixed maturity bond not only allows investors to lock in attractive front-end yields ahead of potential rate declines, but investors can capture this high income for relatively low risk as attractive yields on short-dated investment grade credit mean investors can avoid taking on excessive duration or credit risk.”
Ignacio De La Maza, Head of EMEA Intermediary & LatAm, said: “Our extensive experience in managing investment grade corporate bonds give us the confidence to build a fixed maturity bond fund for investors with income in mind. The team’s active approach, combined with a disciplined and repeatable process to monitor the evolution of portfolio risks is designed to deliver consistently to client expectations.”
The Fund will mature in January 2027 and aims to pay regular coupons at a quarterly rate.
