The strategy denominated in euro, will be available to investors on a Europe or a Europe ex-UK basis and bench marked to the MSCI Europe Index
INTECH Investment Management (INTECH), a subsidiary of Denver-based Janus Capital Group, has launched European Equity strategy for institutional investors globally.
Reportedly, the strategy, denominated in euro, will be available to investors on a Europe or a Europe ex-UK basis and bench marked to the MSCI Europe Index. It has added that it will be managed using INTECH’s mathematical investment process designed to seek long-term returns in excess of the target benchmark, while managing relative risk.
According to the company, the investment objective is to achieve performance of 2.75% to 3.25% (gross of fees), over a three-to-five year time period, of the MSCI Europe Index. The tracking error objective is 3.50% to 4% over the longer term.
Robert Garvy, chairman and CEO of INTECH, said: “This is the first regional offering we’ve launched and have extended that ability to allow the regional-ex strategy, complementing the range of global and global-ex strategies we’ve launched in the last few years.”