Janus Henderson Investors has launched its first active fixed income ETF in Europe.
The Tabula EUR AAA CLO UCITS ETF (JCL0) will be managed by Colin Fleury, Head of Secured Credit, alongside Denis Struc and Ian Bettney, portfolio managers on the Secured Credit team.
The fund will primarily invest in European AAA-rated CLOs, and can invest up to 30% in non-European AAA CLOs that are compliant with European securitised regulations.
Fleury said: “AAA CLOs are a compelling alternative to investment grade corporates, typically offering higher yields and more credit spread for a better-quality asset with lower sensitivity to interest rate volatility. They can significantly enhance clients’ potential to achieve higher levels of income in their fixed income or cash allocations.
“As a global leader in CLOs, we believe our rigorous due diligence and portfolio construction process can provide competitive risk-adjusted returns relative to traditional fixed income asset classes”.
