The fund is managed by Nick Schommer and Brian Recht, two portfolio managers that have worked together for over 10 years, supported by a sector-based central research team.

JTXX invests in an actively managed, high-conviction portfolio of primarily US companies benefiting from durable trends transforming society, including AI, deglobalisation, healthcare innovation, digitisation, and migration to the cloud. In constructing the portfolio, the managers aim to identify companies with long-term compounding growth characteristics, more disruptive “blue sky” opportunities or underappreciated companies going through life cycle changes. The exchange-traded fund (ETF) will typically hold 20 to 25 stocks, generally avoiding the very largest companies.

The portfolio managers use a bottom-up approach and select stocks based on a deep fundamental assessment of their competitive advantage. In a market where average holding times have fallen sharply, the team focus on future earnings power rather than short-term volatility.

This is the latest addition to Janus Henderson’s active ETF proposition for non-US investors, and the firm’s seventh overall following a series of strategic launches aimed at addressing client needs. The fund is listed on the London Stock Exchange with ticker JTXX and is available in all major European markets.