Janus Capital Management filed with the Securities and Exchange Commission (SEC) to request exemptive relief for the launch of actively managed exchange traded funds (ETFs).
Janus Capital Group, the parent company of Janus Capital Management, will be creating actively managed ETFs that will be allowed to invest in equities, fixed-income securities in both domestic and foreign markets. Shishir Nigam for Active ETFs in Focus reports that the ETFs will also be allowed to invest in other funds if Janus’ “fund-of-funds” relief is approved. [New Provider Files for Active ETFs.]
Janus’ investment objective is just to “seek long-term growth of capital and current income.” The application also allows Janus to hire external sub-advisors to lead the day-to-day management of the funds. The proposed ETFs will not invest in swaps, derivatives and or futures. [Commodities and Academia In One ETF.]
Janus is following the latest trend of major mutual fund companies turning to actively managed ETFs to help them cast a wider net and get a foothold on market share.
Tisha Guerrero contributed to this article.
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