Janus Henderson Investors announced the firm has launched the Janus Henderson Equity Linked High Income ETF (JELH) andthe Janus Henderson Equity Linked Moderate Income ETF (JELM). These funds are designed to provide investors with access to professionally managed, diversified, transparent equity-linked income strategies, and are the first ETFs to combine access to autocallable and stability equity-linked notes (ELNs) and swaps that replicate the payout structure of ELNs (together with ELNs, equity linked instruments) across single stock, single index, and index baskets in one portfolio. The funds are intended for income-focused investors, advisors, and institutions seeking diversification beyond bonds and traditional equites, and are managed by Portfolio Managers David Elms, Natasha Sibley, CFA, andJamie Sandells PhD, who have over six decades of derivatives and structured credit expertise combined.
The new ETFs are designed to package equity linked instruments and are intended to be diversified across underlying equities, bank counterparties, and maturities. The funds are managed to deliver differentiated income. Unlike traditional income investments such as bonds or dividend-paying stocks, equity linked instruments provide exposure to equity markets while offering structured income potential with downside barrier mitigation features embedded in their holdings.
By virtue of their portfolio holdings? features, JELH and JELM are ETFs that seek to deliver this unique combination of income generation with downside barrier mitigation.
