Janus Henderson launches new emerging bond fund

Janus Henderson Investors is today announcing the launch of the Janus Henderson Horizon Emerging Markets Debt Hard Currency Fund. The Fund will aim to deliver consistent risk-adjusted returns by considering the full universe of Emerging Markets hard currency bonds, investing primarily in a diversified portfolio of sovereign, quasi-sovereign, supranational and corporate debt from Emerging Market issuers. The Fund will be benchmarked against the J.P. Morgan EMBI Global Diversified Index and will be available as a SICAV aimed at both wholesale and institutional investors in Europe.

The Fund’s investment team comprises long-standing and well-respected portfolio managers Bent Lystbaek, Jacob Nielsen, Thomas Haugaard and Sorin Pirău who joined Janus Henderson in September 2022. This well-established team has been working together on the strategy, which they developed, for almost a decade and their investment process, which remains unchanged, has consistently delivered for clients since its inception in 2013. The team is based in Copenhagen where Janus Henderson recently opened its first office in the Nordics, further strengthening the firm’s footprint in the region. 

The focus of the strategy is to generate performance via a combination of country allocation and security selection, rather than relying on large thematic or broader global market drivers. The team adopts a unique investment style having developed an analytical framework to assess sovereign risk systematically in the entire investment universe. The country allocation framework provides a quantitative and qualitative foundation to assess sovereign risk which serves as the starting point when identifying investment opportunities at the country level. This is followed by a bottom-up security selection that historically has been a stable and strong performance contributor.  ESG considerations are also core to the team’s fundamental analysis.

The Fund has been designed to conform with Article 8 of Europe’s Sustainable Finance Disclosure Regulation.