Janus Henderson have confirmed that the Janus Henderson Institutional Long Dated Credit Fund will close on 10th April 2024. Janus Henderson have stated the following:
"Janus Henderson continuously monitors and performs assessments of the Fund to ensure it continues to meet client expectations and needs. The Fund's assets under management as at 30th November 2023 are £102.3m. After careful consideration of the size of the Fund, its performance, and lack of prospects for future growth, we have concluded that the Fund is unlikely to grow or attract new investors in the future. Accordingly, we have determined that it is in the best interests of all Shareholders in the Fund to proceed with an orderly closure of the Fund."
Investors in the fund who want to retain the ISA status for their investment should ensure that any switch is done within the Janus Henderson ISA wrapper or you can transfer to another ISA manager. Please note that you will need to instruct the new ISA manager at least 30 days before 9th April 2024. If an investor chooses to sell their fund then please note that the ISA status is lost. Investors who wish to retain their ISA status (for those that have the fund in an ISA) will need to either carry out an ISA Transfer or switch.
If this is something that may interest you, please get in touch.
- uploaded - 16 January 2024