Key Takeaways
- • Janus Henderson has launched the China Equity Active Core UCITS ETF, listed on the London Stock Exchange under ticker JCHN, with a total expense ratio of 0.39%.
- • The fund will hold between 100 and 150 Chinese stocks at any one time, combining active investment decisions with quant-based portfolio construction.
- • The strategy is managed by Benjamin Wang and Zoey Zhu, alongside Victoria Mio, head of greater Chinese equities at Janus Henderson.
- • The fund targets long-term growth linked to China's structural transformation, with Mio citing attractive valuations and wide return dispersion as opportunities for active managers.
Summary
The portfolio combines active investment decisions with quant-based portfolio construction and will hold between 100 and 150 Chinese stocks at any one time. The total expense ratio is 0.39%. The fund will be managed by Benjamin Wang and Zoey Zhu, working alongside Victoria Mio, the firm's head of greater Chinese equities.
Mio said that China hosts a broad range of companies, allowing investors to balance exposure between businesses positioned to benefit from structural growth themes and those offering attractive valuations and improving shareholder returns. She noted that current valuations appear attractive and that the dispersion of returns across Chinese companies and sectors creates opportunities for active managers to enhance performance.
The launch extends Janus Henderson's active China equity offering into the UCITS ETF wrapper, giving European investors a listed, low-cost vehicle for active exposure to the market.
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