The portfolio seeks to invest in a diversified portfolio of underlying Janus mutual funds with a target allocation of approximately 60% stocks and 40% fixed-income instruments. The portfolio, which was launched on August 31, 2011, is managed by Dan Scherman, Senior Vice President and Chief Risk Officer.
“With the market conditions of the last 36 months, our insurance partners are looking beyond traditional asset classes to risk-managed, hedgeable investment solutions,” said Scherman. “This risk-managed portfolio provides clearly stated asset allocation ranges that should enable actuaries to design better risk-aware portfolios for their clients while also offering exposure to Janus’ historically longer-term strong-performing equity and fixed income funds.”
The Janus Aspen Moderate Allocation Portfolio’s primary benchmark is the S&P 500 Index and the secondary benchmark is the Moderate Allocation Index, an internally calculated hypothetical combination of unmanaged indices that combines the total returns from the Dow Jones Wilshire 5000 Index (40%), the Barclays Capital U.S. Aggregate Bond Index (40%), the MSCI EAFE Index (18%), and the MSCI Emerging Markets (Free) Index (2%).