INTECH Investment Management LLC, an independently managed subsidiary of Janus Capital Group Inc., launched two global dividend strategies: one focused on seeking capital appreciation and higher-than-average dividend yields and the other focused on absolute risk.
The first strategy, the INTECH Global High Dividend Core, is based on the same investment process employed by INTECH across all of its relative-volatility strategies. The portfolio includes stocks with above-average dividend yields that are both sustainable and persistent, and excludes stocks whose future dividends may be in jeopardy.
"Institutional investors recognize that, in today's market environment, the low yields offered by more-traditional yield-based instruments may be insufficient to enable them to meet their return objectives,” said Jennifer Young, chairman and chief executive of INTECH, in a statement.
“We believe this strategy should appeal to investors seeking yield as well as the potential for long-term capital appreciation."
The second strategy, the INTECH Global Dividend Low Volatility strategy, is focused on absolute rather than relative risk. It seeks to approximate the dividend yield of the MSCI World High Dividend Yield Index, while providing market-like returns net of fees with the potential to provide downside protection.
"The strength of INTECH's investment approach is such that the engineering of additional products involves utilization of the same investment process, optimization and trading programs employed across the six strategies the firm manages in the U.S. and internationally, with only modest changes to the engineering parameters,” said Adrian Banner, the firm's chief investment officer, in a statement.