Janus wins $750 million mandate from Nikko AM
Janus will act as a sub-advisor to the Nikko Global Wrap North American Equity Mother Fund.
Janus Capital Management has been awarded a US equity mandate of around $750 million by Nikko Asset Management, one of JapanÆs largest asset management firms, effective November 18. The mandate will closely mirror the firmÆs US research strategy and be managed by JanusÆs seven global sector-based research teams.
Under the mandate, Janus will act as a sub-advisor to Nikko Asset ManagementÆs Nikko Global Wrap North American Equity Mother Fund. The fund is a Japan-domiciled investment trust with assets under management of around of Ñ75.4 billion ($750 million). The fund is part of various portfolios, including one of NikkoÆs flagship multi-manager funds, the GW Seven Eggs Fund, which invests in seven diversified asset classes and sub-advised by a variety of investment managers.
The Janus research strategy is a core product for the firm that invests in the most compelling ideas generated by the in-depth, grass roots research conducted by the firmÆs analysts. Holdings and weightings within each sector are determined by the sector teams and are buy-rated or strong buy-rated by the research team.
Jim Goff, the firmÆs director of research, oversees the investment process for the Janus Research Fund and is responsible for day-to-day portfolio management. The strategy will be sector neutral and will look to generate excess returns above the MSCI North America Index while minimising tracking error.
Janus Capital Management is a unit of Janus Capital Group, which manages around $192 billion in assets for more than four million individual and institutional clients around the globe. Outside the US, Janus has offices in London, Tokyo, Hong Kong, Singapore, Melbourne and Milan.
Under the mandate, Janus will act as a sub-advisor to Nikko Asset ManagementÆs Nikko Global Wrap North American Equity Mother Fund. The fund is a Japan-domiciled investment trust with assets under management of around of Ñ75.4 billion ($750 million). The fund is part of various portfolios, including one of NikkoÆs flagship multi-manager funds, the GW Seven Eggs Fund, which invests in seven diversified asset classes and sub-advised by a variety of investment managers.
The Janus research strategy is a core product for the firm that invests in the most compelling ideas generated by the in-depth, grass roots research conducted by the firmÆs analysts. Holdings and weightings within each sector are determined by the sector teams and are buy-rated or strong buy-rated by the research team.
Jim Goff, the firmÆs director of research, oversees the investment process for the Janus Research Fund and is responsible for day-to-day portfolio management. The strategy will be sector neutral and will look to generate excess returns above the MSCI North America Index while minimising tracking error.
Janus Capital Management is a unit of Janus Capital Group, which manages around $192 billion in assets for more than four million individual and institutional clients around the globe. Outside the US, Janus has offices in London, Tokyo, Hong Kong, Singapore, Melbourne and Milan.
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