For investors in Hong Kong

Important legal information

Your use of this website is subject to acceptance of these Terms and Conditions.

Janus Henderson Investors Hong Kong Limited and their affiliates are referred to herein as Janus Henderson Investors. You must read and acknowledge your understanding and acceptance of the Legal information contained herein. The information contained in the website has not been reviewed by the Securities and Futures Commission.

Key investment risks to be considered before investing

Investment involves risks. Past performance is not indicative of future results. The rate of return may vary and the principal value of an investment will fluctuate due to market and foreign exchange movements. Shares in the sub-funds, if redeemed, may be worth more or less than their original cost.

Investors investing in funds denominated in non-local currency should be aware of the risk of exchange-rate fluctuation that may cause a loss of principal when foreign currency is converted back to the investors' home currency. Exchange controls may be applicable from time to time to certain foreign currencies. Investors should therefore determine whether any foreign currency investment is suitable for them in light of their investment objectives, financial means and risk profile.

Janus Henderson Horizon Fund

  • Janus Henderson Horizon Fund, as an umbrella fund, has within it different sub-funds investing primarily in equities or debt securities, each with different risk profiles.
  • Investments involve varying degree of investment risks (e.g. liquidity, market, economic, political, regulatory, taxation, financial, interest rate, hedging and currency risks). In extreme market conditions, you may lose your entire investment.
  • Investments in financial derivatives instruments (“FDIs”) (such as futures, swaps, options, forwards, structured financial derivatives, equity swaps and warrants) involve specific risks (e.g. counterparty, liquidity, leverage, volatility, valuation, short position and over-the-counter transaction risk). The sub-funds may use FDIs to reduce risk and to manage the sub-funds more efficiently. Some sub-funds may also use FDIs to form an important part of the investment strategy, generate additional income or with the aim of making investment gains. Such investments are subject to higher level of risk and may result in substantial loss.
  • Some sub-funds may invest in a single market (e.g. China) /region (e.g. Asia) /industry sector (e.g. technology, property) and may subject them to higher concentration risk.
  • Some sub-funds may invest in China securities i.e. China A-Shares and China A-Shares access products, and may be exposed to currency, political, taxation and market risks.
  • Some sub-funds may invest in Eurozone (in particular Portugal, Italy, Ireland, Greece and Spain) securities and may suffer from European sovereign debt crisis risk.
  • Some sub-funds may invest in emerging markets which may involve increased risks. These investments may be less liquid and more volatile.
  • Some sub-funds may invest in bonds and other debt securities. They may be exposed to fluctuations in debt securities markets and are subject to default/credit risk of the bond issuers, interest rate, credit rating, downgrading, valuation and liquidity risks.
  • Some sub-funds may be subject to various risks relating to sustainable investment approach, including concentration risk, subjective judgment in investment selection, exclusion risk, risk of reliance on corporate data or third-party information and change in nature of investments.
  • In respect of distribution shares classes of some sub-funds, the directors may at its discretion pay distributions (i) out of gross investment income and net realized/unrealized capital gains while charging all or part of the fees and expenses to the capital, resulting in an increase in distributable income for the payment of distributions and therefore, the sub-fund may effectively pay distributions out of capital, and (ii) additionally, for certain share class of some sub-funds, out of original capital invested . This amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the sub-fund’s net asset value per share.

Janus Henderson Capital Funds Plc

  • Some sub-funds may invest in any one or a combination of the following instruments:
  • - futures, options and swaps and other financial derivative instruments (“FDI”) for efficient portfolio management purposes. Such instruments, in general, involve specific risks (e.g. counterparty, liquidity, leverage and credit risk) and costs and may result in losses to the sub-fund.
  • - futures, options and swaps and other FDI for investment purposes, up to 10% of the net asset value ("NAV") of the sub-fund. Given the leverage effect of FDI, such investments may result in substantial loss (as much as 100% of the NAV of the relevant sub-fund);
  • - futures, options and swaps and other FDI extensively for investment purposes. Given the leverage effect of FDI, such investments may result in substantial loss (as much as 100% of the NAV of the relevant sub-fund);
  • - debt securities rated below investment grade;
  • - fixed and floating rate investment grade bonds; and
  • - mortgage and asset-backed securities and/or in index/structured securities. These financial instruments may be rated below investment grade.
  • Investing in any one of the above instruments may involve substantial credit/counterparty, market, liquidity, currency, leverage, index, interest, swap and downgrading risks. If the issuers default, or such securities or their underlying assets, cannot be realised or perform badly, investors’ entire investments may be lost.
  • Series 3, 4 and 5 share classes may at its discretion (i) pay dividends out of the capital of the sub-fund, and/ or (ii) pay dividends out of gross income while charging all or part of the fees and expenses to the capital of the sub-fund, resulting in an increase in distributable income available for the payment of dividends by the sub-fund and therefore, the sub-fund may effectively pay dividends out of capital.
  • Paying dividends out of capital may result in an immediate reduction of the sub-fund’s net asset value per share, and it amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment.
  • Some sub-funds' investments involve developing markets. Owing to its potentially higher volatility and risk levels, as well as lower political and economic stability than developed markets, asset values could be affected in various levels.
  • Some sub-fund’s investments may be more concentrated in terms of industry risk than others that diversify across industries and may therefore be subject to higher industry risk than sub-funds with more diversified holdings.
  • Some sub-fund’s investments may be more concentrated than others that diversify across investments and may therefore be subject to higher risk than sub-funds with more diversified investments.


Note: The investment decision is yours. If you are in any doubt about the contents of this document, you should seek independent professional financial advice. Investors should not only base on this document alone to make investment decisions and should read the Hong Kong offering documents including the risk factors for further details.


Persons accessing this web site are required to inform themselves about and observe any relevant restrictions. By accessing our site, you are representing and warranting that you are either resident in the Hong Kong Special Administrative Region ("Hong Kong") or the relevant laws and regulations of your jurisdiction allow you to access the information contained within this site, and that you have agreed to the terms and conditions herein.

The website is created by Janus Henderson Investors for information, illustration or discussion purposes only. It does not constitute an advertisement and should not constitute or form part of any offer or solicitation to issue, sell, subscribe or purchase any investment in any jurisdiction and do not purport to represent or warrant the outcome of any investment strategy, program or product. The information contained herein is obtained and / or compiled from sources believed to be reliable and current and Janus Henderson Investors do not warrant, guarantee or represent, either expressly or impliedly, the accuracy, validity or completeness of such information. Janus Henderson Investors or any of directors or employees of Janus Henderson Investors shall not be liable for any damages arising from any person's reliance on this information and shall not be liable for any errors or omissions (including but not limited to errors or omissions made by third party sources) in this information. The information and views provided herein is subject to change without notice. Unless otherwise indicated, the source for all data is Janus Henderson Investors. Speculation or stated beliefs about future events, such as market and economic conditions, security or company performance, product offerings or other projections of any kind are "forward looking statements". Forward looking statements represent the beliefs of the author and do not necessarily represent the views of Janus Henderson Investors.

Availability and use of this website

This website has been made available for your use on an "as is" and "as available" basis, and at your sole risk. The information contained within this website may be changed without notice. If you choose to bookmark pages within the website for future use, you agree that it is your responsibility to check if any such updates have been made since you last visited this website. You are responsible for ensuring that your computer system meets all relevant technical specifications necessary to use this website and for implementing sufficient procedures and virus checks (including anti-virus and other security checks) to satisfy your particular requirements for the accuracy of data input and output. Janus Henderson Investors makes no representation, and disclaims all, express, implied and statutory warranties of any kind to you or any third party, including, but not limited to, representations, and warranties regarding accuracy, timeliness, completeness, merchantability, fitness for any particular purpose, non-infringement of third party rights and/or freedom from computer virus. Janus Henderson Investors assumes no responsibility for the consequences of any errors or omissions. If you are dissatisfied with any portion of this website, or of this important legal information, your sole and exclusive remedy is to discontinue use of this site.

Janus Henderson Investors does not represent or warrant that this website functions continuously without interruptions or be error free. Use of this website that may hinder the use of other Internet users, that can endanger/jeopardise the functioning of this website and/or affect the information provided on or via this website or the underlying software, is not permitted.

Janus Henderson Investors reserves the right to correct, improve or change this website and to suspend access to this website for maintenance or improvements. The website may contain typographical errors or inaccuracies and Janus Henderson Investors does not take responsibility for amending or updating such information.

Janus Henderson Investors grants you a non-exclusive, personal, non-transferable, non-sub licensable, limited and revocable right to access, use and display this website on any computers or other electronic display device of which you are a user, for your personal use only (the "Permitted Uses"). You agree to use the website only for lawful purposes, for the Permitted Uses, and not for the Prohibited Uses set out below. No other use of the website is authorized unless you and we have agreed otherwise in advance in writing.

You may print and download copies of the website's content, provided that these copies are made only for the Permitted Uses, you do not delete or amend the material or information in any way and that you include any notices and any legal information contained in the website content, such as all copyright notices, trademark legends, or other proprietary rights notices as well as all legal disclaimers furnished in the footnotes or under these Terms and Conditions as shown on the screen or through a link. Limited linking to the website is permitted subject to seeking our prior written permission and only if done in full compliance with all applicable laws and regulations and these Terms and Conditions. Please also refer to "Linking and Logo Use Policies" below.

Prohibited Uses

You are prohibited from any use of the website that would give rise to liability or otherwise violate any applicable laws or regulations or these Terms and Conditions. You may not publicly perform, publicly display, transmit, publish, participate in the sale or transfer of, modify, or create derivative works based on anything available through the website, in whole or in part. You shall not store electronically any significant portion of any part of the website. No reverse engineering, linking, framing, or modification of any part of this website is allowed without our prior written approval. Any modification or unauthorised use is a violation of Janus Henderson Investors ' copyrights and other proprietary rights. All goodwill generated from the use of Janus Henderson Investors ' trademarks in breach of these Terms and Conditions will inure to our benefit.

Trademarks and Copyrights

Copyrights, trademarks, logos, service marks, trade names, or other intellectual property displayed on, or used in conjunction with, this website are proprietary to Janus Henderson Investors. The content of this website is protected by applicable intellectual property law; Janus Henderson Investors reserves all rights with respect to intellectual property ownership of all material on this website, and will enforce such rights to the full extent permissible by law.

Other company product and service names and logos used and displayed on this website may be trademarks or service marks owned by others. Nothing on this website should be construed as granting any license or right to use any of these trademarks without the prior written permission in each instance of the owner(s) of such other trademarks. This website also contains text, software, graphics, images, and other material protected by copyrights or other proprietary rights and laws (collectively, the "Proprietary Material"), owned by Janus Henderson Investors or its licensors. Any use of such Proprietary Material other than as permitted herein is expressly prohibited without the prior permission of Janus Henderson Investors and/or the relevant rights holder in writing.

Copyright Policy and Claims Procedure

We reserve the right to remove from our website, any content that is alleged to infringe someone's copyright. If you reasonably believe that your copyrighted work is accessible on this website in a way that constitutes copyright infringement, please let us know.

Linking and Logo Use Policies

Use of Janus Henderson Investors logos or creating hyperlinks to our website is prohibited unless authorised by us in writing. You may, however, create a link to our website that includes our logo as long as you accept and follow our policies and such link, including logo, is for your personal and non-commercial use (unless we have agreed to other terms in writing).

Third party website links disclaimer and permission

Where Janus Henderson Investors provides hypertext links to third party websites, such links are not an endorsement by Janus Henderson Investors of any products or services provided on or via such websites. Janus Henderson Investors has not verified the truth, accuracy, reasonability, reliability, or completeness of any content of such websites. When you access any other site you understand that it is independent from our website and that Janus Henderson Investors has no control over the content or availability of that site. The use of such links is entirely at your own risk and Janus Henderson Investors accepts no responsibility for the content, or the use of, such a site and shall not be liable for any loss or damage caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such site or resource.

Limitation of Liability

Your sole remedy for dissatisfaction with your use of our website is to stop using the website. You agree that under no circumstances will Janus Henderson Investors be liable for any loss, damage, whether direct, indirect, incidental, consequential, special, punitive or exemplary damages (collectively, the "Excluded Damages"), or expense, arising out of or in any way connected with your use of, reliance on or inability to use any part of this website, including but not limited to: loss of revenue, trading losses, anticipated profits, business, savings, goodwill or data; any failure of performance, denial of service, attack, interruption, defect, operator errors, inconvenience or delay in operation or transmission or computer virus; failure of electronic or mechanical equipment or communications lines (including telephone, cable and internet); severe or extraordinary weather (including flood, earthquake, or other act of god); fire, war, insurrection, terrorist act, riot, labour dispute and other labour problems, accident, emergency or action of government; or third party theft of, destruction of, unauthorized access to, alteration or use of your information, equipment or property, even if Janus Henderson Investors has been advised of the possibility of or could have foreseen the Excluded Damages. Further, Janus Henderson Investors will not be responsible for any failure to comply, by you or any third party, with these Terms and Conditions or with applicable laws. These limitations of liability will apply regardless of: (i) any negligence or gross negligence of Janus Henderson Investors or (ii) whether the liability sounds in negligence, strict liability, contract, tort (including negligence) or any other theory of legal liability; and will remain in effect even if any remedy fails of its essential purpose. You agree to indemnify Janus Henderson Investors from and against any claim, loss, damage or expense brought by any third party arising directly or indirectly from you breaching any of your obligations under these Terms and Conditions or suffered as a consequence of you transmitting information included in any part of this website.

Viruses and Other Types of Malicious Software

Because of the marked increase in the fabrication and proliferation of computer viruses and other types of malicious software affecting the internet you should be aware at all times of the potential for viral contamination of your system. It is your responsibility to scan all downloaded materials received over the internet. We are not responsible or liable for any damages or loss caused by such hazards. This website and information provided on the website is provided on an "as is" and "as available" basis, with all faults. Neither Janus Henderson Investors nor any person associated with Janus Henderson Investors makes any warranty or representation with respect to the quality, accuracy or availability of this website. Specifically, but without limiting the foregoing, neither Janus Henderson Investors nor anyone associated with Janus Henderson Investors warrants or represents that any part of the website or the information provided on that website will be accurate, complete, reliable, error-free, uninterrupted and accessible at all times; that defects will be corrected; that the website or the server that makes it available are free of viruses or other harmful components; or that the website will otherwise meet your needs or expectations. In relation to the information provided, Janus Henderson Investors disclaims all warranties of any kind, express or implied, including any warranties of merchantability, fitness for a particular purpose or non-infringement. In no event will Janus Henderson Investors or its contractors be liable for any damages of any kind, under any legal theory, arising out of or in connection with your use of, or inability to use, any part of the website or any linked site, including any direct, indirect, incidental, special, consequential or punitive damages, including, but not limited to, lost profits or damages resulting from delay, interruption in service, viruses, deletion of files or electronic communications, or errors, omissions, or other inaccuracies in the website or the content transmitted on the website, whether or not there is negligence by Janus Henderson Investors and whether or not Janus Henderson Investors has been advised of the possibility of any such damages.


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No provision of investment, tax and legal advice

This website is not intended to provide specific investment, tax or legal advice or to make any recommendations about the suitability of any Janus Henderson Investors' funds for any particular investor. The information provided on or via this website are for information only and without consideration given to the specific investment objective, financial situation and particular needs of any specific person, and should not be used as a substitute for any form of advice. You are solely responsible for determining whether any investment, security or strategy, or any other investment product or service, is suitable for you based upon your investment objectives and personal and financial situation. In no circumstances shall any service, content, information and/or data contained in or provided on or via this website be construed as the giving of investment, tax or legal advice or provision of investment service. Persons accessing these pages are advised to obtain appropriate independent professional advice about the suitability of any Janus Henderson Investors' funds for their investment needs.

Restricted distribution, offer or solicitation and United States Persons

This website does not constitute the distribution of any information or making of any offer or solicitation to anyone in a jurisdiction in which such distribution or offer is not authorised or to any person to whom it is unlawful to distribute such information or make such an offer or solicitation, or which would subject Janus Henderson Investors to any registration requirement within such jurisdiction or country. Persons subject to local restrictions must refrain from accessing this website.

None of the units or shares in the funds contained herein has been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and the units or shares may not be offered, sold, transferred or delivered, directly or indirectly, in the United States of America or any of its territories or possessions or any area subject to its jurisdiction, or to any United States Person. The funds contained herein have not been registered under the United States Investment Company Act of 1940, as amended (the "Investment Company Act"). The term "United States Person" shall have the meaning ascribed to such term in Regulation S under the Securities Act. "United States Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US citizens living abroad may also be deemed "US Persons" under certain rules. You should seek legal advice if you are uncertain whether you are a US Person.

Janus Henderson Investors will not accept any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. Janus Henderson Investors cannot be held responsible for any damages or losses that occur from transactions and/or services in defiance of the relevant rules of the purchaser's home jurisdiction.

Janus Henderson Horizon Fund

Janus Henderson Horizon Fund (the "Fund") is an open ended investment company incorporated in Luxembourg as a société d'investissement à capital variable ("SICAV") on 30 May 1985. The Fund is authorised by the Commission de Surveillance du Secteur Financier ("CSSF"). In giving such authorisation the CSSF does not take responsibility for the financial soundness of the Fund or for the correctness of any statements made or opinions expressed in this regard.

An application for any of the Fund's shares can only be made having read fully the Fund's prospectus accompanied by the latest available audited annual report and by the latest half yearly report, if published later than such annual report, and application form. These documents are available from your respective local Janus Henderson Investors' offices, appointed Fund's representative offices, participating licensed financial advisors and institutions' offices or branches. The Hong Kong Representative of the Janus Henderson Horizon Fund is RBC Services Hong Kong Limited, a subsidiary of the joint venture UK holding company RBC Investor Services Limited, Tel: +852 2978 5656.

Janus Henderson Capital Funds Plc

Janus Henderson Capital Funds Plc (the "Fund") is a UCITS established under Irish law, with segregated liability between sub-funds. Investors are warned that they should only make their investments based on the most recent Prospectus (including any country supplement thereto) which contains information about the sub-funds, including their fees, expenses and key risks, which is available from the Company's distributors and Janus Henderson Investors Hong Kong Limited, and which should be read carefully.

Product disclaimer

The investments and strategies discussed in this website may not be suitable for all investors and are not obligations of or guaranteed by Janus Henderson Investors. Investments in any of the Janus Henderson Investors' funds are not deposits in, obligations of, or guaranteed or insured by Janus Henderson Investors.

Material Interests

Janus Henderson Investors or its directors, officers, employees, agents or representatives may have or have had an interest or holding, relationship or other arrangement with the securities, funds or other types of investments mentioned in this website which may be material.

Telephone Recording

It is Janus Henderson Investors' policy to record all telephone calls for mutual protection and to improve customer service.

Privacy and Cookies Policies

Unless restricted by applicable laws, you agree that any and all personal information/data relating to you collected by Janus Henderson Investors from this website may from time to time be used and disclosed for such purposes and to such persons as may be in accordance with the Janus Henderson Investors' Privacy Policy as amended from time to time.

Maintaining your privacy is important to Janus Henderson Investors. That's why we take every reasonable precaution to safeguard your personal information from unauthorized access. After all, your relationship with us is built on trust and our goal is to preserve that trust. So whether you visit our website or contact us, rest assured that we are committed to keeping your personal information safe and secure.

We use cookies, small text files transferred to your browser by our website, to help with several aspects of your visit as outlined in our Cookies Policy.

Intellectual Property Rights

Janus Henderson Investors or the relevant owner, retains all rights (including copyrights, trademarks, patents as well as any other intellectual property right) in relation to all information provided on or via this website (including all texts, graphics and logos). You may not copy, modify, licence, sell, resell, download, publish, distribute, reproduce or otherwise any of the information contained on this website in any manner or on any form without the prior written consent of Janus Henderson Investors. However, you may print out and/or download information contained on this website for your own personal and non-commercial use.

Links to Janus Henderson Investors website are not permitted without the prior written consent of Janus Henderson Investors. To request permission, please contact (852)3121 7000.

Amendment rights

Janus Henderson Investors reserves the right to vary and make changes to the services, information, content and/or data contained in or provided on or via this website, including this legal terms and conditions, at any time and without notice to you. If at any time any provision (or part of any provision) of this legal information is, or becomes, illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity or enforceability in any jurisdiction of any other provision (or any other part of that).


No waiver by Janus Henderson Investors of any right under or term or provision of these Terms and Conditions will be deemed a waiver of any other right, term, or provision of these Terms and Conditions at the time of such waiver or a waiver of that or any other right, term, or provision of these Terms and Conditions at any other time.


Janus Henderson Investors reserves the right to terminate these Terms and Conditions, your access to or use of this website and/or any such sites at any time or notice with or without cause.