Janus Henderson Investors has launched an actively managed Ucits ETF for non-US investors targeting US companies poised to benefit from ” durable trends transforming society.”
The Janus Henderson Tabula US Transformational Growth Equity Ucits ETF offers actively managed exposure to a concentrated portfolio of primarily US-listed equities.
According to the asset manager, the fund is well-positioned to benefit from themes like AI, deglobalisation, healthcare innovation, digitisation and migration to the cloud.
The ETF, generally avoiding large-cap companies, will typically hold between 20 and 25 stocks, maintaining a high-conviction approach. The managers use a bottom-up approach to find long-term compounders, disruptive innovators or overlooked companies undergoing structural change.
Janus Henderson launches USD AAA CLO Ucits ETF
The focus is on future earnings power of businesses, not short-term volatility, the asset manager stated, highlighting that average holding periods have shortened in today’s market.
The ETF is listed on the London Stock Exchange and will be registered for distribution across various European markets. The fund is co-managed by portfolio managers Nick Schommer and Brian Recht.
Schommer commented: “We aim to capture tomorrow’s growth opportunities rather than yesterday’s winners. We believe that investors underappreciate the amount of risk that extreme concentration is causing in passive funds, which follow backward-looking indices and trade without regard to fundamentals. Our active approach provides thoughtful diversification beyond the 5-10 companies that currently dominate the index”.
Ignacio De La Maza, head of Emea & LatAm Client Group at Janus Henderson, added: “Janus Henderson is at the forefront of innovation in active ETFs, and we are harnessing our history of active investing to deliver differentiated solutions that meet our clients’ evolving needs.JTXX provides differentiated exposure for growth-oriented investors or those seeking to complement and diversify traditional core allocations”.
