MutualFundWire.com: A $361B-AUM AM Launches an EM Debt Fund

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Friday, August 16, 2024

A $361B-AUM AM Launches an EM Debt Fund

The team at a publicly traded, $361-billion-AUM (as of June 30) asset manager is rolling out a new muni bond fund.

Ali Dibadj
Janus Henderson Investors
CEO, Board Member

On Wednesday (August 14), Jim Cielinski, global head of fixed income at Janus Henderson Group [profile], and Bent Lystbaek, a portfolio manager, unveiled the launch of the Janus Henderson Emerging Markets Debt Hard Currency ETF (JEMB on the NYSE Arca, Inc.. Janus Henderson Investors US LLC serves as administrator and investment advisor for the new ETF.

Janus Detroit Street Trust. The fund's inception date was Tuesday (August 13), and it comes with an expense ratio is 52 basis points. As of yesterday, the ETF had $30 million in AUM.

The new fund's PM team includes: Thomas Haugaard, Bent Lystbaek, Jacob Ellinge Nielsen, and Soin Pirau.

Cielinski describes the debut of JEMB as "one more step in [Janus'] strategic initative to be a leader in active fixed income ETFs." Lystbaek describes emerging markets debt hard currency as "an evolving and diverse asset class that potentially offers total return upside and portfolio diversification benefits."

"We are delighted to be able to offer our expertise to clients, and the launch of this product means that it is even more accessible to a broader rang of investors," Lystbaek states.

JEMB's other service providers include: SS&C's Alps Distributors, Inc.JPMorgan Chase Bank, N.A. as custodian, securities lending agent, and transfer agent; and PricewaterhouseCoopers LLP as independent accounting firm.

Printed from: MFWire.com/story.asp?s=67796

Copyright 2024, InvestmentWires, Inc.
All Rights Reserved