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Janus Capital has launched the Global 130/30 Unit Trust, with Equity Trustees appointed as the responsible entity.
The Unit Trust is Janus’ first in Australia and was established to accommodate the seed funding for a number of new clients.
It is Australian dollar dominated and will allow investors access to the Global Research 130/30 Fund, a new fundamentally-managed Janus strategy, the company said.
“The launch of this new Unit Trust represents a significant step forward for Janus Capital in Australia, as we had previously solely targeted institutional separate account mandates,” said John Landau, head of Australasia for Janus Capital Asia.
“It further reinforces our commitment to grow in this market for the long term, and we are pleased to be able to offer a pooled solution to our first institutional investors for Global Research 130/30 in Australia,” he added.
The Global Research 130/30 Fund aims to be sector neutral to its benchmark, the MSCI World ex-Australia Index, with between 100 and 150 long holdings and 50 to 100 short holdings, the company said. Janus expected its tracking error to approximate 5 per cent to 7 per cent annually over the long-term gross of fees.
