Janus Capital announced Wednesday it has registered as the largest mutual fund provider on the Danish government's Folkeborsen investment platform, to be launched on Jan. 3, 2005, according to a Reuters report.
The new platform, the Special Pensions Savings Scheme (SPSS), will enable Danish investors to choose from roughly 200 funds both at home and abroad, including 12 Janus World Funds (JWF), the report said.
The SPSS will comprise part of the statutory pension system in Denmark. With 43 billion crowns in assets and 3.3 million participants, it will be the nation's largest unit-linked plan. Assets are currently managed by the Danish Labour Market Supplementary Pension Scheme, Reuters said.
Assets have more than doubled since 1999, while cross-border funds grew 16% during 2003, according to research firm Cerulli Associates. The JWF series of Dublin-based funds was brought to market in 1998 and offers a number of investment styles including growth, value, core and risk-managed equities, REITs, fixed-income and money markets.