Janus Henderson Investors, part of U.K.-based asset manager Janus Henderson Group (NYSE:JHG), plans to reposition the Janus Henderson Sustainable Corporate Bond ETF (NYSEARCA:SCRD) to the Janus Henderson Corporate Bond ETF (JLQD), it said on Tuesday.
JLQD will shift its focus from giving special consideration to certain environmental, social, and governance ("ESG") factors in its security selection process and, instead, integrate ESG factors as part of its investment process only.
The fund will invest mainly in investment-grade corporate notes and bonds to collect income and capital appreciation.
Repositioning of the fund will be effective in mid-May of this year.
As of Jan. 31, 2024, Janus Henderson’s U.S. ETF suite has more $12.9B in assets under management.
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