In possible gift to Bill Gross, Janus gets preliminary approval to offer ETFs

In possible gift to Bill Gross, Janus gets preliminary approval to offer ETFs
Janus has indicated significant plans in the ETF space, including a possible fund with the Pimco founder.
MAR 09, 2015
Janus Capital Group Inc. may be getting closer to offering an ETF managed by its legendary portfolio manager, Bill Gross. The fund company earned preliminary approval to offer a set of exchange-traded funds, including an initial fund that is similar to the Janus Global Unconstrained Bond Fund (JUCAX) Mr. Gross currently runs in a mutual fund format. Mr. Gross took over the management of that fund after an abrupt exit in September from Pacific Investment Management Co. “The initial fund will pursue opportunities across the fixed-income spectrum, including moving between sectors or across credit risk, and may have long, short, or negative duration,” Janus' filing said. Even if the SEC grants Janus' request with final approval, the fund company is under no obligation to offer such an ETF. But Janus chief executive Richard M. Weil has indicated a desire to bring Mr. Gross back to the ETF world. It's very rare for an ETF application to get stalled after it receives preliminary approval. At Pimco, Mr. Gross ran a version of the firm's flagship Total Return Fund as an exchange-traded fund under the ticker symbol BOND, building it into one of the top actively managed ETFs on the market.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave