Janus Reopens Perkins Small Cap Value Fund
Janus Capital Group Inc. (NYSE:JNS) today announced the reopening of the Perkins Small Cap Value Fund, a defensive small-cap value fund which seeks to provide attractive returns over a full market cycle by mitigating losses in down markets while participating in up markets. The fund, which reopened on Jan. 1, 2015, is managed by Perkins Investment Management and distributed by Janus.
"If, as we expect, a rotation to higher-quality securities is underway within the small-cap value segment, then investors should be well served by Perkins' emphasis on defensive quality stocks," said Robert Perkins, portfolio manager of the Perkins Small Cap Value Fund. "By focusing on attributes such as strong balance sheets and solid, recurring free cash flows, our research process has historically helped mitigate losses or minimize losses in periods of greater volatility while capturing attractive long-term performance over full market cycles," said Justin Tugman, portfolio manager of the Perkins Small Cap Value Fund.
"A recent increase in volatility in small cap stocks has provided new buying opportunities," said Tom Reynolds, portfolio manager of the Perkins Small Cap Value Fund. The fund has been closed since May of 2010, however the Board of Trustees and the portfolio managers responsible for the strategy cite the available investment opportunities as the reasoning the fund has the ability to prudently take on additional assets.
Perkins measures stock quality based on strict evaluation criteria around balance sheet strength, earning stability and operating efficiency. These types of metrics may indicate stocks' performance potential in different market cycles, with higher-quality securities – what the firm calls "defensive quality" – providing potential for stronger long-term returns with notably less downside exposure than lower-quality stocks.
"Product capacity is a subject we take very seriously. We are in the business of generating superior returns for our clients and, as such, we work diligently to establish controls that prevent any factors or circumstances that would compromise our ability to execute our strategy," said Drew Elder, SVP, head of U.S. intermediary distribution at Janus. "We're excited to reopen Perkins Small Cap Value Fund to our clients and aim to deliver superior returns over a full market cycle."
Current assets under management of the Perkins Small Cap Value Fund are approximately $1.9 billion as of Dec. 31, 2014. The managers responsible for the strategy are Robert Perkins, Tom Reynolds, and Justin Tugman.
About Janus Capital Group Inc.
Janus Capital Group Inc. (JCG) is a global investment firm dedicated to delivering better outcomes for clients through a broad range of actively managed investment solutions, including fixed income, equity, alternative and multi-asset class strategies. It does so through a number of distinct investment platforms, including investment teams within Janus Capital Management LLC (Janus), as well as INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins), in addition to certain exchange-traded products under the VelocityShares brand. Each team brings distinct asset class expertise, perspective, style-specific experience and a disciplined approach to risk. Investment strategies are offered through open-end funds domiciled in both the U.S. and offshore, as well as through separately managed accounts, collective investment trusts and exchange-traded products.
At the end of December 2014, JCG managed approximately $183.1 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo, Melbourne, Paris, The Hague, Zurich, Frankfurt, Dubai and Taipei.
About Perkins Investment Management LLC
Founded in 1980, Perkins Investment Management LLC (Perkins) is a respected value equity manager with $12.2 billion in assets as of December 31, 2014. The firm uses a bottom-up approach to build diversified portfolios of what it believes to be high quality, undervalued stocks with favorable reward-to-risk characteristics. Perkins believes that rigorous downside analysis conducted prior to determination of upside potential helps to mitigate losses during difficult markets and compound value over time. Perkins is an indirect subsidiary of Janus Capital Group.
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