Janus Henderson Group (NYSE: JHG) today announced it has
launched the Janus Henderson Emerging Markets Debt Hard Currency
ETF (Fund). The ticker for the Fund is JEMB.
The Fund will be managed by Portfolio Managers Bent Lystbaek,
Jacob Ellinge Nielsen, Thomas Haugaard, and Sorin Pirau,
CFA.
The investment objective of the Fund seeks to provide a return
from a combination of income and capital growth over the long
term.
Over the long-term, EMD hard currency has delivered attractive
returns when adjusted for credit quality, with half of the universe
now investment-grade. Today, the asset class is offering yields
similar in magnitude to US high yield corporate debt.
Hard currency debt for the Fund is issued by an EM-domiciled
entity but denominated in another base currency – most often in US
dollars or Euros. This allows for access to the debt of EM issuers,
but with a more certain legal framework and insulated from the
volatility of local currencies. All holdings in the Fund are fully
hedged to the US dollar.
JEMB will expand our existing Emerging Markets Debt (EMD) Hard
Currency strategy into the US market and further expand the firm’s
active fixed income ETF suite of products.
“The launch of the Janus Henderson EMD Hard Currency ETF is one
more step in our strategic initiative to be a leader in active
fixed income ETFs. JEMB will now be a part of one of the fastest
growing and most successful active ETF platforms in the industry,”
said Jim Cielinski, Global Head of Fixed Income at Janus
Henderson.
An EMD Hard Currency strategy provides the ability for US
investors to gain access to the full spectrum of the EMD universe,
with the strategy offering exposure to emerging market growth
potential with a high degree of country diversification. The number
of countries in the hard currency sovereign universe has more than
doubled in less than 20 years to reach 70 today, spanning the
entire development spectrum, more than 60% of global GDP and 80% of
the global population. This asset class provides a potentially
differentiated return stream and could allow US investors to
diversify credit exposure in their portfolios.
The EMD team has an active investment style, seeking investment
opportunities both within and off the benchmark. The focus of the
strategy is to generate performance via a combination of country
allocation and security selection, rather than relying on large
thematic or broader global market drivers.
“Emerging Markets Debt Hard Currency is an evolving and diverse
asset class that potentially offers total return upside and
portfolio diversification benefits,” said Lystbaek. “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 range of investors.”
Janus Henderson has been at the forefront of active fixed income
ETF innovation and offers a number of pioneering fixed income ETFs.
These include JAAA, the largest CLO ETF1, JBBB, which provides
exposure to floating-rate CLOs generally rated BBB, JSI, which
invests in opportunities across the U.S. securitized markets, JMBS,
the largest actively managed mortgage-backed securities ETF2, VNLA,
an active global short duration income ETF, and JLQD, a corporate
bond ETF. Janus Henderson is the fourth largest active fixed income
ETF provider globally.3 The firm won Global Capital’s inaugural CLO
ETF Provider of the Year award in 2024.4
-ends-
Notes to editors
About Janus Henderson
Janus Henderson Group is a leading global active asset manager
dedicated to helping clients define and achieve superior financial
outcomes through differentiated insights, disciplined investments,
and world-class service. As of June 30, 2024, Janus Henderson had
approximately US$361 billion in assets under management, more than
2,000 employees, and offices in 24 cities worldwide. The firm helps
millions of people globally invest in a brighter future together.
Headquartered in London, Janus Henderson is listed on the New York
Stock Exchange.
Source: Janus Henderson Group plc
Please consider the charges, risks, expenses, and investment
objectives carefully before investing. For a prospectus or, if
available, a summary prospectus containing this and other
information, please call Janus Henderson at 800.668.0434 or
download the file from janushenderson.com/info. Read it carefully
before you invest or send money.
Past performance is no guarantee of future results. There is no
assurance the stated objective(s) will be met.
Investing involves risk, including the possible loss of
principal and fluctuation of value. There is no assurance the
stated objective(s) will be met.
Foreign securities are subject to additional risks
including currency fluctuations, political and economic
uncertainty, increased volatility, lower liquidity and differing
financial and information reporting standards, all of which are
magnified in emerging markets.
Concentrated investments in a single sector, industry or
region will be more susceptible to factors affecting that group and
may be more volatile than less concentrated investments or the
market as a whole.
Derivatives can be more volatile and sensitive to
economic or market changes than other investments, which could
result in losses exceeding the original investment and magnified by
leverage.
Actively managed portfolios may fail to produce the
intended results. No investment strategy can ensure a profit or
eliminate the risk of loss.
Janus Henderson Investors US LLC is the investment adviser and
ALPS Distributors, Inc. is the distributor. ALPS is not affiliated
with Janus Henderson or any of its subsidiaries.
Janus Henderson is a trademark of Janus Henderson Group plc or
one of its subsidiaries. © Janus Henderson Group plc.
____________________________
1
Source: Morningstar as of July 31,
2024
2
Source: Morningstar as of July 31,
2024
3
Source: Morningstar as of July 31,
2024
4
For more about the awards, including
selection criteria, please visit:
https://www.globalcapital.com/us-securitization
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version on businesswire.com: https://www.businesswire.com/news/home/20240814280074/en/
Press Inquiries
Sarah Johnson, +1 720-364-0708
sarah.johnson@janushenderson.com
Candice Sun, +1 303-336-5452 candice.sun@janushenderson.com
Investor Relations Inquiries
Jim Kurtz, +1 303-336-4529 jim.kurtz@janushenderson.com
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