New Products
What’s New In Investments, Funds? – Janus Henderson
The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
Janus Henderson
London-headquartered Janus Henderson,
listed on the New York Stock Exchange, has launched the
Janus Henderson AA-A CLO ETF (NYSE: JA), expanding its
lineup of active fixed income exchange-traded funds (ETF) in the
securitized space. The fund has secured $100 million in seed
capital from The Guardian Life Insurance Company of
America® – part of Guardian and Janus Henderson’s
previously-announced multifaceted partnership.
The fund aims to provide access to high-quality AA to A-rated collateralized loan obligations (CLO), with diversification benefits based on historically low daily volatility and low correlation to traditional fixed income markets. The fund is an expansion of the firm’s CLO ETF franchise, the firm said in a statement.
It will be managed by portfolio managers John Kerschner and Nick Childs who bring expertise within securitized markets and a track record managing securitized ETFs together. Jessica Shill will also join the portfolio management team on JA.
JA will enhance Janus Henderson’s suite of CLO products by offering a fund aiming to invest in products with a credit rating between the firm’s JAAA and JBBB ETFs. The profile of A-rated CLOs fits in between that of AAA and BBB, both from a potential return perspective and a risk perspective.
“Securitized markets are proving to be a bright spot for investors right now – offering competitive yields and diversification,” Kerschner said. “JA seeks to allow investors to position portfolios for resilience and growth in an evolving economic landscape.”
This launch comes on the heels of the 10-year anniversary of Janus Henderson’s ETF business and founding the Janus Detroit Street Trust, the investment trust holding the firm’s ETF suite which has grown to nearly $38 billion in assets under management (AuM) across 15 active ETFs. In tota, the firm has about $493 billion in AuM.
A number of investment managers like US-headquartered Invesco and Franklin Templeton, have been launching ETFs recently. See here and here.