Fin Tap
- Janus Henderson Investors (NYSE: JHGThe company said on Monday that assets under management of exchange-traded funds investing in low- and mid-rated mortgage obligations (“CLOs”) reached $1 billion.
- Janus Henderson B-BBB Mortgage Bond ETF (Bat: JBBB) is the second-tier ETF Assets under management (AUM) reach this level, making it the second-largest CLO ETF after Janus Henderson’s AAA CLO ETF (Yes) measured by asset management scale.
- JBBB launched in January 2022 and offers investment in CLOs generally rated BBB, which are securities rated lower than AAA-rated securities but still investment grade. Investing in the form of ETFs expands CLO exposure beyond institutional investors.
- “JBBB seeks to achieve higher yields than high-yielding companies with lower default risk by investing primarily in investment-grade CLOs,” said Janus Henderson (JHG). It added that in 2024 alone, the ETF has $ grew by more than $850 million.
- The company said it owns two CLO ETFs and holds more than 85% of all CLO ETF assets under management.
- Janus Henderson (JHG) Stock up 1.9%, JBBB (JBBB) was little changed in Monday afternoon trading.
