Janus’ High Yield Fund Chosen as Top Pick for 2010 by the Mutual Fund Site
The Mutual Fund Site (www.MutualFundSite.org) announced today that Janus Capital Group’s High Yield Fund (JAHYX) is the site’s top High Yield Investment choice for 2010.
“As a Bond Fund, Janus’ High Yield Fund meets the fundamental investment criteria that all investors should seek,” notes Chris Blanchet, Fund Advisor for the Mutual Fund Site. “Notwithstanding the Fund’s staggering year-to-date, it’s size [$1.1 Billion under management] and risk-adjusted returns compared to its peers, we feel the fund has properly positioned itself to take advantage of the economic weaknesses of 2008 and 2009,” he added, making specific note of the fund’s top 25 Holdings.
“What is considered a solid B-rating in terms of credit quality today,” Blanchet points out, “was solidly investment grade just two years ago. What makes us extremely confident in recommending this particular fund is that [the fund managers] picked winners and were able to trade the Yield curve to the fund’s advantage. As spreads narrow between corporate and government bonds in the years to come, we believe the High Yield Fund will make many investors very, very happy.”
As a site dedicated to advancing investor knowledge and advocating a long-term investment strategy using mutual funds for part or all of one’s investment management mandate, the Mutual Fund Site has examined over 100 individual high yield investments before coming out with its Bond Fund recommendation for 2010. Considerations such as management tenure, assets under management, risk-adjust return potential are heavily relied upon before a recommendation is made.
The Mutual Fund Site was created with more than a decade of investment expertise. Their objective as an information-only website is to provide unbiased information about investment management, investment strategy and, particularly, the often complicated world of mutual funds. Taking a conservative approach rather than a speculative or aggressive approach, the site has focused on high yield investments to date.
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