In this video, Tom Ross, Co-Manager on the Janus Henderson Horizon Euro High Yield Bond Fund, delves into the workings of how the team manage the strategy, including the special role that analysts perform and the inefficiencies they look to exploit when driving returns for investors. Topics covered include:

• The secret to the strategy’s success

• The importance of macroeconomic analysis when managing high yield 

• The role that colleagues in the US can play in supporting investment decisions in Europe

Recorded end of March 2019
Notes
The Schaeffler 2.85% 03/26/2027 opened with a yield to worst of 2.95% on 21 March 2019. This was more than the 2.57% yield to worst on the ICE BofAML Euro High Yield BB Index. If a bond has special features, such as a call (ie, the issuer can call the bond back at a date specified in advance), the yield to worst is the lowest yield the bond can achieve provided the issuer does not default.
Yields may vary and are not guaranteed.