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Janus opens Gross’ bond fund to European investors

Julia Rampen
Written By:
Julia Rampen

UK investors can access Bill Gross’ Janus Global Unconstrained Bond fund after the firm announced it is open for subscriptions across Europe.

Since Gross (pictured) moved to Janus Capital in October, the firm has attracted more than $1bn of estimated net deposits into two bond funds.

The Global Unconstrained Bond fund has an absolute return focus designed to manage portfolio downside risk, flexible duration, and a low correlation to traditional assets.

Janus Capital International president Augustus Cheh said: “We are extremely excited now to be offering the Janus Global Unconstrained Bond fund to our growing and diverse international client base.

“Bill’s unconstrained and duration managed strategy could be considered to be a key component to any client portfolio given the interest rate environment.”

The announcement of his departure from PIMCO in late September sent shares in Allianz, the fund house’s parent company, falling.

Janus Capital chief executive officer Dick Weil has urged analysts and investors to consider a longer timescale when assessing the success of bond star Bill Gross’s move from rival PIMCO.