Janus Capital Management is planning to launch a number of global fixed-income funds for U.S. and foreign investors over the coming several months.
In the next three months, Janus will launch a global high-yield fund and a global investment-grade offering aimed at the foreign market, said Colleen Denzler, head of fixed-income strategy at Janus. In six to nine months, the asset manager will roll out a series of global bond funds for U.S. advisers, she said.
To support its push into global fixed income, Janus is planning to move two of its Denver-based analysts to London and hopes to hire an additional analyst in that city in the next 12 to 18 months, Ms. Denzler said.
The firm is also looking to hire an emerging-markets fixed-income specialist to help the firm get a handle on country- or region-specific opportunities, she said.
Janus Capital Group, the asset manager’s parent company, has been pushing to expand its fixed-income business for the past several months. In February, it tapped Richard M. Weil, a 14-year veteran of PIMCO, as its CEO. Mr. Weil has put building Janus’ fixed-income business at the top of his list.
Jessica Toonkel writes for InvestmentNews, a sister publication of Pensions & Investments.
