Janus set to unveil first global bond mandates

Janus Capital is launching its first two global bond funds, focusing on investment grade and high yield.

The Global Investment Grade Bond fund will invest primarily in fixed or floating rate bonds of issuers anywhere in the world. It will have between 150 and 300 holdings and use the Barclays Capital Global Aggregate Corporate Bond index as its benchmark. Asset allocation will be around 40% in non-US bonds, with up to 25% below investment grade in B-rated or high yield securities. Meanwhile, the Global High-Yield fund will focus on debt securities or preferred stock of issuers, which are rated either below investment grade or, if unrated are of a similar quality, to below investment grad...