FIXED INCOME

Flexible. Thoughtful. Connected.

Our teams retain flexibility within a disciplined framework, resulting in individual strategies as well as blended solutions - all within a rigorous risk management framework

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$142.2bn
Fixed Income Assets Under Management

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131
Fixed Income Investment
Professionals

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18
Average Years' Financial
Industry Experience

As at 30 June 2025

 

$142.2bn
Fixed Income Assets Under Management

 

131
Fixed Income Investment
Professionals

 

18
Average Years' Financial
Industry Experience

 

 

As at 30 June 2025

Investment capabilities benefitting from:

  • A forward-looking approach that looks beyond benchmarks to put investor objectives at its core.
  • Collaborative teams that share and debate ideas globally but retain investment flexibility within a rigorous risk-management framework.
  • A range of actively-managed solutions from core bonds to multi-sector that reflects four decades of addressing clients’ evolving financial needs.

Featured funds

Horizon Global High Yield Bond Fund

A fund that can access the total return potential of high-yield bonds through a portfolio diversified by issuers, sectors, and geography.

Horizon Strategic Bond Fund

A world bond strategy seeking the best opportunities throughout the economic cycle

Multi-Sector Income Fund

For investors seeking a steady stream of high income with lower risk than a dedicated high-yield strategy

Important information
There is no assurance that the investment process will consistently lead to successful investing.

Insights

A column chart in three colours showing the change in debt as a percentage of GDP since 2019. Orange represents governments, grey represents corporates and blue represents households. The vertical axis is the percentage point change in debt as a percentage of GDP. The horizontal axis represents different countries or regions. In general, the rise in debt has been greatest for governments. Going along the horizontal axis, the first country is mainland China where the figures are a 25% rise in debt as a percentage of GDP for the government, 10.7% fall for corporates and a 4.6% rise for households. The UK the figures are a 15.8% rise in debt for the government, a 4.5% fall for corporates and a 7.0% fall for households. For the US the figures are a 12.6% rise in debt for the government, a 4.5% fall for corporates and a 5.3% fall for households. In the euro area, the figures are a 3.7% rise for government debt, a 6.2% rise for corporates and a 5.8% fall for households. On average there has been a 9% rise in debt for governments, a 2% fall for corporates and a 4% fall for households.

Chart to Watch: Is government debt helping corporate credit?

Exploring the potential interplay between government and corporate debt levels.

Tariffs, inflation and the long shadow of policy error

The risk of tariff-induced supply disruptions has raised the stakes for monetary policy error.

Chart to Watch: EM sovereign rating upgrades outpace downgrades

Improving EM fundamentals are driving sovereign credit rating upgrades, which have been more than double the number of downgrades so far in 2025.

Important information
Please read the following important information regarding these funds.
There is no assurance that the investment process will consistently lead to successful investing.

Janus Henderson Fund
The Janus Henderson Fund (the “Fund”) is a Luxembourg SICAV incorporated on 26 September 2000, managed by Janus Henderson Investors Europe S.A. Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation. This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.

Janus Henderson Horizon Fund
The Janus Henderson Horizon Fund (the “Fund”) is a Luxembourg SICAV incorporated on 30 May 1985, managed by Janus Henderson Investors Europe S.A. Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation. This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions.

Janus Henderson Capital Funds
Janus Henderson Capital Funds Plc is a UCITS established under Irish law, with segregated liability between funds. Investors are warned that they should only make their investments based on the most recent Prospectus which contains information about fees, expenses and risks, which is available from all distributors and paying/facilities agents, it should be read carefully. This is a marketing communication. Please refer to the prospectus of the UCITS and to the KID before making any final investment decisions. The rate of return may vary and the principal value of an investment will fluctuate due to market and foreign exchange movements. Shares, if redeemed, may be worth more or less than their original cost. This is not a solicitation for the sale of shares and nothing herein is intended to amount to investment advice. Janus Henderson Investors Europe S.A. may decide to terminate the marketing arrangements of this Collective Investment Scheme in accordance with the appropriate regulation.