Janus Capital (JNS) Announces Launch of New Short Duration Income ETF

November 17, 2016 8:07 AM EST

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Janus Capital Group, Inc. (NYSE: JNS) announced the launch of the Janus Short Duration Income ETF (NYSE: VNLA) – an actively managed, fixed‐income exchange traded fund (ETF).

The Janus Short Duration Income ETF seeks to provide a steady income stream and a focus on capital preservation across various market cycles, by seeking to select fixed income instruments that can provide a return of two to three percent above the three-month LIBOR rate. Rather than tracking a benchmark, the Fund is designed to move beyond conventional constraints and provide positive absolute returns. It can also act as a traditional core fixed income diversifier and potentially reduce risk in an investor's portfolio.

Nick Maroutsos and Daniel Siluk, on Janus’ Global Macro Fixed Income Team, are portfolio managers of the Janus Short Duration Income ETF. Members of the team have been managing short duration income strategies together for almost 10 years, and VNLA is an extension of that core expertise.

"The key in short duration bond investing is to capitalize on structural inefficiencies in fixed‐income markets," Maroutsos said. "We believe we can better position this fund to outperform through market cycles by actively looking for value across sectors and geographies using a wide range of fixed‐income instruments.’’

The Short Duration Income ETF represents an expansion of Janus’ global macro fixed income lineup, continuing the firm’s strategy of intelligent diversification to offer best‐in‐class investment alternatives. It also represents Janus’ first step into the active ETF market since its initial foray into exchange traded products (ETPs) following the acquisition of VelocityShares in 2014. Janus’ ETP strategy is focused on offering differentiated products in multiple categories including tactical, enhanced beta, thematic and active fixed income.

"Investors have embraced actively managed fixed‐income ETFs as they look for expert management to navigate low cash returns and potentially rising rates, while still enjoying the structural benefits of ETFs," said Nick Cherney, Senior Vice President and Head of Exchange Traded Products for Janus Capital Group.

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