MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 9, 2023 A $308B-AUM AM Adds a Securitized Income ETF The folks at a publicly traded, 2,000-employee, 24-city, $308.3-billion-AUM (as of September 30) asset manager are expanding their suite of active, fixed income ETFs again.
JSI is an actively managed, non-diversified fund that comes with an expense ratio of 50 basis points. Its inception date was yesterday, and by end-of-day it had $50 million in AUM. Janus Henderson Investors US LLC serves as the administrator and investment advisor to JSI. The new ETF's two co-PMs are: Nick Childs, portfolio manager on the securitized credit team; and Kerschner. Kerschner argues that "securitized credit offers some of the most compelling yields available in the fixed income market with minimal interest rate risk" and that "investors are generally underexposed" to that niche. Cherney puts the launch of JSI in the context of the Janus Henderson team's broader efforts to offer a "highly differented suite of ETFs." (The team lays claim to being the country's fifth biggest active fixed income ETF provider by AUM.) "JSI offers direct exposure to key areas of the securitized markets that investors otherwise wouldn't have the ability to access," Kerschner states. JSI's other service providers include: SS&C's ALPS Distributors, Inc. as distributor; JPMorgan Chase Bank as custodian, securities lending agent, and transfer agent; and PricewaterhouseCoopers LLP as independent accounting firm. Printed from: MFWire.com/story.asp?s=66674 Copyright 2023, InvestmentWires, Inc. All Rights Reserved |
