The Janus Adviser International Forty Fund (ticker: JFFAX) is a concentrated portfolio that seeks long-term growth of capital by investing directly in 30 to 50 companies across developed and emerging markets.
According to a press release, the fund manager plans to “…leverage Janus’ proprietary research process in an attempt to identify and capitalize on international firms with attractive long-term growth prospects and strong and sustainable competitive advantages.” The fund’s benchmark is the Morgan Stanley Capital International (MSCI) All Country World ex-U.S. Index.
“By concentrating the fund’s investments in a limited number of holdings, we think our most compelling stock picks could possibly make more meaningful contributions to the fund’s overall returns,” Jonathan Coleman, co-chief investment officer of Janus, said.
Portfolio Manager Laurent Saltiel will manage Janus Adviser International Forty Fund. Saltiel, who also comanages Janus
Adviser International Equity Fund, joined Janus in 2002 as an equity analyst covering basic material, consumer staple and retail securities. Prior to that, he was an analyst with RS Investments in San Francisco.
“I look for businesses with high or improving returns on invested capital, solid free cash flow generation and management teams that create value for shareholders,’ Saltiel said. “A strong valuation discipline is a fundamental part of my investment strategy. I believe this approach will help ensure that the fund invests only in stocks that I feel offer the most attractive risk/reward opportunities.’