MutualFundWire.com: A $382B-AUM AM Targets "One of the Fastest Growing Active ETF Opps"

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Thursday, November 14, 2024

A $382B-AUM AM Targets "One of the Fastest Growing Active ETF Opps"

The folks at the U.S. arm of a publicly traded, $382.3-billion-AUM (as of September 30), 2,000-employee, multinational asset manager are adding to their fixed income ETF suite.

Ali Dibadj
Janus Henderson Investors
CEO, Board Member

Yesterday (November 13), John Kerschner, head U.S. securitized products at London-based Janus Henderson Group [profile], and John Lloyd, lead of multi-sector credit strategies, unveiled the launch of the Janus Henderson Income ETF (JIII on the NYSE Arca, Inc.). Denver-based Janus Henderson Investors US LLC serves as the new fund's investment advisor and administrator, and Lloyd and Kerschner are the fund's co-PMs.

JIII's inception date was Tuesday (November 12), and the actively managed, non-diversified ETF comes with an expense ratio of 52 basis points (which bakes in a 3bps fee waiver promised through February 28, 2026). As of today, JIII has $32.47 million in AUM.

Kerschner describes JIII as part of the expansion of Janus Henderson's "robust active fixed income ETF product offerings."

"We believe the income solution space will be one of the fastest growing active ETF opportunities over the next five years," Kerschner states.

"Our goal is to create a portfolio across all fixed income sectors, aiming to build a portfolio of best ideas across fixed income sectors, striving for higher yields than those of standard core-plus portfolios and greater diversification than single-sector, high-yield strategies," Lloyd states.

JIII is a series of Janus Detroit Street Trust. The new fund's other service providers include: SS&C's Alps Distributors, Inc. as distributor; JPMorgan Chase Bank, N.A. as custodian, securities lending agent, and transfer agent; and PricewaterhouseCoopers LLP as independent accounting firm.

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