Global central banks recommended that LIBOR be changed after the global financial crisis, due to rate manipulation by some participating banks. As a result, LIBOR is expected to be gradually replaced by other rates.
LIBOR stands for “London Inter-Bank Offered Rate”, the interest rate at which banks estimate they could borrow money from another bank for a very short period. This type is essential for calculating the price of bonds, derivatives and loans, as well as for evaluating the behavior of certain funds.
Our Q&A document provides information on changes to LIBOR and how your investments with Janus Henderson might be affected.Q&A on the changes to LIBOR