Janus Henderson Starts ETF Giving Global Access to US CLOs
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The firm behind the largest ETF in the US’s $816 billion market for collateralized loan obligations is launching a European-regulated fund, aimed at giving global investors tax-efficient access to the US securities.
Janus Henderson Group Plc is following in the footsteps of Invesco Ltd., which launched a similar dollar-denominated vehicle in February, alongside a product priced in euros. Interest in CLO ETFs, an asset class that’s only been around since 2018, is picking up, with the number of funds doubling since August to a total of 24, according to data compiled by Bloomberg.