Janus Henderson has extended its European ETF offering by launching a high conviction Europe equity strategy, ETF Stream can reveal.
The Janus Henderson Tabula European High Conviction Equity UCITS ETF (JCEU) is listed on Deutsche Borse and is set to list on Borsa Italiana, with a total expense ratio (TER) of 0.49%.
JCEU will be an actively managed, high-conviction strategy investing in 20 to 25 large and mid-cap European companies.
The ETF is reminiscent of Janus Henderson’s Luxembourg-domiciled Pan European Fund which houses $1.3bn assets under management (AUM), though slightly less concentrated than JCEU with 50 holdings.
The Janus Henderson Pan European Fund has delivered annualised returns of 9.4% since inception in 2010, versus 7.8% for the MSCI Europe index over the same period.
Ignacio De La Maza (pictured), head of EMEA and LatAm client group at Janus Henderson, said: “Janus Henderson has a rich heritage of investing in European equities, with a history spanning over 40 years.
“The launch of this fund offers investors an alternative way of leveraging our significant expertise in this market”.
Robert Schramm-Fuchs, European equities portfolio manager at Janus Henderson, added: “We believe a high conviction approach, coupled with a repeatable and disciplined investment process, can harness the alpha potential available in the region, and ultimately deliver for our clients”.
JCEU marks Janus Henderson’s second ETF to launch in Europe since its takeover of Tabula Investment Management earlier this year.
ETF Stream revealed the arrival of the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN) as the firm’s first ETF in Europe, disrupting the continent’s so far concentrated active ETF market.
