Janus Capital Group Inc. (NYSE: JNS) could add to its burgeoning lineup of exchange traded funds with a new dividend ETF.
In a statement out Wednesday, Denver-based Janus said it “filed a registration statement with the Securities and Exchange Commission for a global equity income exchange traded fund (ETF) with a focus on dividend paying companies with robust balance sheets and underlying businesses, seeking to provide clients an important income producing alternative in an environment of negative interest rates and yields.”
The The Janus SG Global Quality Income ETF (ticker: SGQI) will track the Societe Generale SGI Global Quality Income Index, “which seeks to identify quality companies with attractive and sustainable dividends,” according to Janus.
Existing smart beta ETFs from Janus include the Janus Small Cap Growth Alpha ETF (NasdaqGM: JSML) and Janus Small/Mid Cap Growth Alpha ETF (NasdaqGM: JSMD), which debuted in February.
[related_stories]In June, Janus introduced The Health and Fitness ETF (NasdaqGM: FITS), The Long-Term Care ETF (NasdaqGM: OLD), The Organics ETF (NasdaqGM: ORG) and The Obesity ETF (NasdaqGM: SLIM).
“Societe Generale’s proprietary SGI Global Quality Income Index applies a rules-based approach to assessing companies on a range of factors including return on assets, debt ratios, gross margin, profitability, balance sheet strength and credit metrics to seek to determine those with the financial fundamentals and sustainable businesses necessary to provide both income through reliable dividends and reduce the risk of capital loss,” according to the Janus statement.
Janus expects the new dividend ETF to launch in November.
For more information on new ETFs, visit our New ETF Category.