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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 |
|
Wednesday, February 5, 2025 A $379B-AUM AM Adds Its 1st Fundamental Active Equity ETF The folks at a $379-billion-AUM (as of December 31), publicly traded, multinational asset manager are rolling out their first fundamental active equity ETF. Today, Brian Recht and Nick Schommer, portfolios managers at Janus Henderson Investors [profile], unveil the launch of the Janus Henderson Transformational Growth ETF (JXX on the Cboe BZX Exchange, Inc.). Denver-based Janus Henderson Investors US LLC serves as the new fund's investment advisor. JXX's inception date was yesterday (February 4), and the ETF comes with an expense ratio of 57 basis points. As of yesterday, it had $5 million in AUM. Schommer and Recht serve as co-PMs to the new fund. It is powered by a high-conviction (i.e. 20-30 stocks in the portfolio), growth equity strategy powered by Janus Henderson's Denver equities team's bottom-up, fundamental research philosphy and process. "We believe constructing a focused portfolio of high-quality, competitively advantaged businesses with characteristics tied to the most important secular themes transforming society may lead to sustainable relative outperformance over time," Schommer states. "Given the extreme concentration in the market, we believe JXX's fundamental, actively managed approach seeks to provide thoughtful diversification away from the index and has the potential to yield transformational growth potential," Recht states. JXX is a non-diversified, actively managed series of the Janus Detroit Street Trust. The new ETF'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. Printed from: MFWire.com/story.asp?s=69491 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |