Janus Capital Group has introduced Perkins Value Plus Income Fund, the firm’s first jointly managed product that combines the value expertise of Perkins Investment Management and the credit expertise of Janus’ fixed income team.
According to Janus Capital, Perkins Value Plus Income Fund will strive to provide investors current income with the potential for additional capital appreciation by investing in a combination of equity securities and credit-oriented fixed income securities.
The fund will typically invest 50% of its assets in equity securities using the Perkins’ methodology with an additional screen for income and 50% of its assets in credit-oriented fixed income securities, including high-yield and preferred securities. Perkins will be responsible for the day-to-day management of the equity allocation and Janus will be responsible for the day-to-day management of the fixed income allocation.
Jeff Kautz and Ted Thome of Perkins will serve as the equity portfolio managers. Janus’ Gibson Smith and Darrell Watters will co-manage the fixed income portfolio.
Dick Weil, CEO of Janus Capital Group, said: “This fund leverages the strengths of the Perkins team and the Janus Fixed Income team, seeking to deliver stable income while balancing capital appreciation and preservation. Our clients are increasingly focused on protecting their purchasing power over the long-term, and we believe this new Perkins Value Plus Income Fund may be an ideal choice to consider.”