Janus Henderson Investors has expanded its actively managed ETF offering in Europe with a new fund providing access to a concentrated portfolio of large- and mid-cap European equities.
Janus Henderson has rolled out its second active ETF in Europe.
The Janus Henderson Tabula Pan European High Conviction Equity UCITS ETF (JCEU GY) has been listed on Xetra in euros. A listing on Borsa Italiana is expected in the near future.
Managed by experienced portfolio managers Robert Schramm-Fuchs and Marc Schartz, the ETF is style-agnostic, targeting opportunities wherever the managers see the most potential across Pan-European equities.
While the fund is unconstrained by sector or market capitalization, its portfolio typically consists of 20 to 25 holdings, focusing on large- and mid-sized companies.
The managers employ a high-conviction, bottom-up investment strategy built on rigorous in-house research. The aim is to identify catalysts for change at both the company and industry levels. These catalysts may include internal drivers, such as management changes or product innovation, as well as macroeconomic shifts, such as technological advancements or regulatory changes.
The stock selection process is rooted in comprehensive fundamental analysis, blending qualitative insights with quantitative evaluations, including detailed financial metrics and disciplined valuation techniques. ESG considerations play an integral role in the selection of portfolio constituents, aligning the fund with sustainable investment principles. Reflecting this commitment, the ETF is classified as an Article 8 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).
The ETF integrates robust risk management, ensuring an optimized portfolio that balances position sizing, country exposure, and liquidity. The result is a concentrated portfolio comprising a mix of well-known large-cap companies and under-researched mid-caps, designed to capture alpha opportunities across the European equity market.
Robert Schramm-Fuchs, European Equities Portfolio Manager at Janus Henderson, commented: “Europe is home to a wide array of world-leading companies, the diversity of which allows investors to balance exposure between cyclical businesses and those geared into secular growth themes. Current valuations appear attractive, and the dispersion of returns across European equity markets and sectors presents opportunities for active managers to enhance performance. We believe a high-conviction approach, coupled with a disciplined investment process, can harness the alpha potential available in the region, ultimately delivering for our clients.”
The ETF comes with an expense ratio of 0.49%.
The launch of JCEU marks Janus Henderson’s second active ETF in Europe, following last month’s debut of the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN). Janus Henderson is recognized as the fourth-largest provider of actively managed fixed income ETFs globally, and this move underscores its ambition to expand its presence in the active equity ETF space.
Ignacio De La Maza, Head of EMEA & LatAm Client Group at Janus Henderson, said: “When we launched our first active ETF for European investors last month, we said it was just the beginning of our journey, and I am thrilled that we now have another product to offer to our clients. 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.”