Janus Capital has launched a U.S. large-cap value fund in Hong Kong, the company announced Monday.
The fund, Janus World U.S. Value Fund, besides representing Janus "commitment to providing Asian retail and institutional investors with a broader range of investment strategies," is another stepping stone in the relationship between Janus and Vontobel Asset Management, two companies that made a deal last year to work together. Ed Walczak, who manages the U.S. equivalent of the new fund and has since its introduction in 1990, will also handle the international cousin.
"Adding JWF US Value not only fills a gap in our product lineup but it gives Hong Kong investors access to one of the USs most respected value managers, Ed Walczak, with his 25 year investment track record in managing U.S. equity portfolios," said Howey Yeung, a regional director of Janus Asia Pacific arm.
"My investment approach is to look for quality companies at a reasonable price," Walczak said, of his strategy. "I also run a concentrated portfolio, made up typically of between 20 and 30 stocks from a universe of about 100 companies that meet my criteria."
The fund will use the Russell 1000 Value Index as its benchmark.