Information ‘mosaic' forms backdrop for Janus approach

Janus US High-Yield heads say research is key to the fund's management strategy

Janus places a lot of emphasis on its ‘research-driven investment strategies’. How does it differentiate the group from other firms? We take a bottom-up approach to credit research that focuses on the characteristics of individual securities. We use this research to build a mosaic of information that becomes our independent, credit-informed macro view. Our fundamental research focuses on these key elements: free cashflow, an important financial indicator of bond performance; understanding management intentions, an equally important non-financial indicator; evaluating the downside, as th...