The Monetary Authority of Singapore gave the UK-based asset manager the go-ahead to sell the flagship funds, as the firm looks to expand its offering in the country.
The $491m Janus Henderson Global Technology and Innovation Fund provides access to a specialist equity strategy that seeks to provide a balance of technology companies, and the $876m Janus Henderson US Forty Fund is its first US equity strategy available to investors in Singapore.
The Janus Henderson Global Technology and Innovation Fund, a Dublin-domiciled vehicle incepted in 2000, invests in companies that aim to create and benefit from advances in technology.
The manager, Denny Fish, looks to balance resilience, through core holdings in stable, long duration growth companies, with investing in companies with upside potential under a specific scenario. To achieve their objectives. Seventeen-year industry veteran Fish and his team use a process focused around analysts with over 120 years of combined experience, according to a spokesman.
The fund has generated a three-year cumulative return of 90%, according to FE Fundinfo data, slightly outperforming its MSCI ACWI Information Technology benchmark (88.37%), and with similar annualised volatility over the period of 22.84% and 22.94%, respectively.
In a fluctuating few months for technology stocks, the fund is up 1.38% so far this year, while its benchmark has risen 0.85%, according to FE Fundinfo.
Top holdings include Microsoft, Taiwan Semiconductor Manufacturing, Amazon, Facebook and Mastercard; and about 80% of the portfolio is allocated to US stocks, with the application software, semiconductors and interactive media and services sub-sectors comprising 46% of the fund, the latest factsheet shows.
US equities growth
The Janus Henderson US Forty Fund, also domiciled in Dublin and originally launched in 1998, aims to provide capital growth over the long term by investing at least 80% of its assets in a concentrated (30 to 40) portfolio of shares in any industry in the United States.
Comanaged by Doug Rao and Nick Shommer, the fund is focused towards larger US companies and uses a fundamental, research-driven approach in seeking innovative, wide-moat companies, said the spokesman.
The fund has achieved a three-year cumulative return of 79.79%, a little less than its Russell 1000 Growth benchmark (83.20%), FE Fundinfo data shows, and the funds have annualised volatilities of 21.91% and 22.50%, respectively.
The fund is up 5.90% year-to-date, compared with 4.47% by its benchmark, according to FE Fundinfo.
Information technology stocks make up 35% of the portfolio, with Amazon, Microsoft, Mastercard, Facebook and Apple the top five holdings, the latest factsheet shows. Other substantial sector bets include communication services (18.3%), healthcare (15.3%) and consumer discretionary (14.9%).
“Both [fund] teams have the benefit of decades-long investment experience and access to Janus Henderson’s intellectual resources. Together, they complement the existing suite of active equity offerings already available in Singapore,” said Serena Sim, Janus Henderson’s head of wholesale distribution, Southeast Asia, in a statement.
The ongoing charges figures for the retail share classes of the two products are 2.43% for the Global Technology and Innovation Fund and 2.13%, said the spokesman
In November 2020, the firm registered the Janus Henderson Flexible Income Fund, Janus Henderson High Yield Fund and Janus Henderson Global Investment Grade Bond Fund for sale to retail investors in Singapore.
At 31 March 2021, Janus Henderson had approximately $405.1 billion in assets under management, and offices in 26 cities worldwide, according to the firm. Headquartered in London, the company is listed on the New York Stock Exchange and the Australian Securities Exchange.
Janus Henderson Global Technology and Innovation Fund and Janus Henderson US Forty Fund vs benchmarks