Lauren Gibbons
2 min read
In This Article:
Janus Henderson has extended its active fixed-income suite with the launch of a short duration ETF in Europe.
The Janus Henderson Tabula Euro Short Duration Income UCITS ETF (JHES) is listed on Deutsche Borse with a total expense ratio of 0.25%.
JHES captures short duration debt in developed markets spread across certificates of deposit, Treasury bills, government and government-related bonds, commercial paper, corporate bonds, asset-backed securities and mortgage-backed securities.
The fund is benchmarked against the Bloomberg Euro Treasury Bills 0-3 Months index.
The product is managed by Daniel Siluk, head of global short duration and liquidity, Addison Maier, portfolio manager on the global short duration and liquidity team, and Tim Winstone, head of investment grade credit.
Ignacio De La Maza, head of EMEA and Latin America client group at Janus Henderson, said, “Short duration fixed income is an attractive proposition for investors as it offers higher income potential and the ability to lock in higher yields if cash rates fall, the opportunity for capital appreciation through moderate use of duration and exhibits lower volatility and lower interest rate sensitivity than traditional fixed income."
Janus Henderson has a US-listed version of JHES—the Janus Henderson Short Duration Income ETF (VNLA)—which has amassed $2.5 billion and has slightly outperformed its benchmark since its inception, returning 2.9% compared to 2.3%. The fund has seen $186 million in net inflows year to date.
The firm has been gradually building out its active fixed-income suite since it acquired fixed-income specialist Tabula Investment Management last year.
The asset manager recently launched an actively managed mortgage-backed securities ETF, marking the first to be available to European investors.
Shortly before, the firm unveiled a U.S.-dollar-denominated AAA collateralised loan obligation (CLO) ETF in Europe.
This article was originally published at etf.com sister publication ETF Stream.
