Janus Henderson Investors has announced the launch of the Janus Henderson Global IG CLO Active Core UCITS, the latest addition to its securitized products franchise. The new vehicle seeks to capitalize on the demand for fixed income solutions with exposure to investment grade CLOs, combining active focus and global reach.
The fund is managed by John Kerschner, global head of securitized products, along with Denis Struc, Ian Bettney and Jessica Shill, portfolio managers of the securitization team. With presence in Europe and the United States, the team boasts a broad and proven track record in CLO investment and manages 34.6 billion dollars in CLO assets worldwide, relying on the expertise of the firm’s securitization and loan specialists.
Investment Strategy
The Janus Henderson Global IG CLO Active Core offers variable rate exposure to investment grade CLO tranches, from AAA to BBB-, with a main focus on BBB rated securities to enhance income potential. Its goal is to generate long-term returns through income and capital growth, with flexibility to invest in European and American CLOs based on relative value.
The fund will provide access to a substantial and growing investment grade CLO market, with approximately 545 billion dollars in American and European CLOs that meet EU regulatory requirements.
We are delighted to expand the range of UCITS CLO products available to investors. The fund’s portfolio managers bring over 20 years of experience in CLO investments, and our proprietary tools and systems provide a degree of visibility into the collateral and relative value of CLOs that market data providers cannot match. We believe that investment grade CLOs, with their variable rate structure, low volatility and low correlation with traditional markets, represent an attractive option for clients seeking diversification.
Ignacio De La Maza, director of the EMEA and Latin America Client Group at Janus Henderson
Global investment-grade CLOs offer an attractive combination of income, credit quality, and diversification. They typically offer higher returns than fixed-income instruments with similar ratings and have historically shown great resilience, with no defaults recorded in the US or European BBB tranches issued since 2010. Over the past decade, BBB-rated CLOs have outperformed high-yield bonds and loans, thanks to lower idiosyncratic risk. As global leaders in CLOs, we believe that our rigorous due diligence process and portfolio construction can provide competitive risk-adjusted returns.
John Kerschner, global head of securitized products at Janus Henderson