Janus opens Gross' bond fund to European investors

clock

UK investors can access Bill Gross' Janus Global Unconstrained Bond fund after the firm announced it is open for subscriptions across Europe.

Since Gross (pictured) moved to Janus Capital in October, the firm has attracted more than $1bn of estimated net deposits into two bond funds.

The Global Unconstrained Bond fund has an absolute return focus designed to manage portfolio downside risk, flexible duration, and a low correlation to traditional assets.

Janus Capital International president Augustus Cheh said: “We are extremely excited now to be offering the Janus Global Unconstrained Bond fund to our growing and diverse international client base.

“Bill’s unconstrained and duration managed strategy could be considered to be a key component to any client portfolio given the interest rate environment.”

The announcement of his departure from PIMCO in late September sent shares in Allianz, the fund house’s parent company, falling.

Janus Capital chief executive officer Dick Weil has urged analysts and investors to consider a longer timescale when assessing the success of bond star Bill Gross's move from rival PIMCO.

More on Investment

Stories of the Week: FCA eyes extension of SDR remit; BOE: rate cuts remain 'some way off'; AssetCo AGM resolutions pass

Stories of the Week: FCA eyes extension of SDR remit; BOE: rate cuts remain 'some way off'; AssetCo AGM resolutions pass

FCA; BOE; AssetCo: : The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 26 April 2024 • 1 min read
US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

Slashes dividend target

James Baxter-Derrington
clock 24 April 2024 • 1 min read
Partner Insight: Rate cuts are the next big move to play for

Partner Insight: Rate cuts are the next big move to play for

Strategic fixed income positioning can unlock higher yields in 2024, even as interest rates head down, say Fidelity’s Kris Atkinson and Shamil Gohil.

Sarka Halas
clock 23 April 2024 • 4 min read
Trustpilot