Janus Capital Group Inc. (NYSE: JNS) today introduced Janus Adviser International Forty Fund (JFFAX), a concentrated portfolio that seeks long-term growth of capital by investing directly in 30-50 companies across developed and emerging markets.
The fund manager plans to leverage Janus’ proprietary research process in an attempt to identify and capitalize on international firms with attractive long-term growth prospects and strong and sustainable competitive advantages. The fund’s benchmark is the Morgan Stanley Capital International (MSCI) All Country World ex-U.S. IndexSM.
The new fund is designed to leverage the best international investment ideas of Janus’ equity research team, according to Jonathan Coleman, co-chief investment officer of Janus.
“At Janus, we believe investing with conviction can potentially lead to superior returns over time,” Coleman said. “By concentrating the fund’s investments in a limited number of holdings, we think our most compelling stock picks could possibly make more meaningful contributions to the fund’s overall returns.”
Portfolio Manager Laurent Saltiel will manage Janus Adviser International Forty Fund. Saltiel, who also co-manages Janus Adviser International Equity Fund, joined Janus in 2002 as an equity analyst covering basic material, consumer staple and retail securities. Prior to that, he was an analyst with RS Investments in San Francisco. Saltiel has a master’s degree in business administration from Harvard University and is fluent in French, English and Spanish.
“I look for businesses with high or improving returns on invested capital, solid free cash flow generation and management teams that create value for shareholders,” Saltiel said. “A strong valuation discipline is a fundamental part of my investment strategy. I believe this approach will help ensure that the fund invests only in stocks that I feel offer the most attractive risk/reward opportunities.”
For more information on Janus Adviser International Forty Fund, please visit www.janus.com/info.
About Janus Capital Group Inc.
Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of growth and risk-managed investment strategies. Our commitment to deliver for investors is rooted in our research-intensive approach and relentless passion to gain a competitive edge.
At the end of March 2008, Janus managed approximately $187.6 billion in assets for more than four million shareholders, clients and institutions around the world. Outside the U.S., Janus has offices in London, Tokyo and Hong Kong. Janus Capital Group includes Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH), and Capital Group Partners, Inc. In addition, Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC.
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Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at 1-877-335-2687 or download the file from www.janus.com/info. Read it carefully before you invest or send money.
A fund’s performance may be affected by risks that include those associated with nondiversification, non-investment grade debt securities, undervalued or overlooked companies, investments in specific industries or countries and potential conflicts of interest with Janus Smart Portfolios. Additional risks to the fund(s) may include those associated with investing in foreign securities, emerging markets, initial public offerings, derivatives and companies with relatively small market capitalizations. Please see a Janus prospectus or janus.com for more information about risk, fund holdings and details.
Foreign securities have additional risks including exchange rate changes, political and economic upheaval, the relative lack of information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards. These risks are magnified in emerging markets. The prices of foreign securities held by the fund, and therefore a fund's performance, may decline in response to such risks.
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