Janus’ INTECH unit launches product

Janus Capital Group Inc.’s mathematical investing unit, Enhanced Investment Technologies LLC, today announced the launch of an international equity product.

INTECH developed the new offering in response to strong demand for an active, risk-managed, international equity capability to complement its existing U.S. and global equity strategies, Denver-based Janus said in a statement.

The INTECH international equity strategy uses a universe of international securities benchmarked to the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE) Index.

The strategy will target an annualized average gross return over the long term of between 2.75% and 3.25% above its benchmark index, the company said.

“INTECH has concluded that the application of stochastic portfolio theory to a universe of non-U.S. securities can offer investors a product that aims to produce better upside potential than the market with less relative risk,” said Robert Garvy, INTECH’s chairman and chief executive officer, said in a statement.

Palm Beach Gardens, Fla.-based INTECH managed about $55.6 billion in assets as of September 30.