Janus Capital launches Janus Adviser Floating-Rate High Income Fund

By Jennifer Chiou

New York, May 2 - Janus Capital Group Inc. announced the launch of the Janus Adviser Floating-Rate High Income Fund, which will be sold through third-party intermediaries.

The Denver-based funds manager said that the fund seeks to provide high current income by investing at least 80% of its assets in floating-rate loans and other floating-rate securities.

The fund aims to offer an alternative investment that may have less volatility than high-yield bond funds and less correlation to fixed-income and equity markets, Janus noted.

Jason Groom will manage the fund with support from Janus' research team of 13 fixed-income analysts and 35 equity analysts. Groom has more than 13 years of professional investment experience, including work as a credit analyst with ING Investments.

"We believe Janus Adviser Floating-Rate High Income Fund will be a compelling option for investors looking for income generation with a low correlation to traditional fixed-income products" said Gibson Smith, co-chief investment officer, said in a news release.

"This strategy complements one of our fixed-income team's core competencies, leveraged credit investing."

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