Latest news with #JanusHenderson
Yahoo
5 days ago
- Business
- Yahoo
Is Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) a Strong ETF Right Now?
A smart beta exchange traded fund, the Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) debuted on 02/23/2016, and offers broad exposure to the Style Box - Small Cap Growth category of the market. Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency. If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies. This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics. This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. The fund is managed by Janus Henderson, and has been able to amass over $478.71 million, which makes it one of the average sized ETFs in the Style Box - Small Cap Growth. JSMD seeks to match the performance of the Janus Small/Mid Cap Growth Alpha Index before fees and expenses. The Janus Henderson Small/Mid Cap Growth Alpha Index selects small- and medium-sized capitalization stocks that are poised for smart growth by evaluating each company performance in three critical areas: growth, profitability, and capital efficiency. Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same. Annual operating expenses for JSMD are 0.30%, which makes it on par with most peer products in the space. JSMD's 12-month trailing dividend yield is 0.78%. ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis. This ETF has heaviest allocation in the Industrials sector - about 27.10% of the portfolio. Healthcare and Information Technology round out the top three. Taking into account individual holdings, Southern Copper Corporation (SCCO) accounts for about 3.16% of the fund's total assets, followed by Neurocrine Biosciences Inc. (NBIX) and Hims & Hers Health Inc. Class A (HIMS). The top 10 holdings account for about 20.79% of total assets under management. So far this year, JSMD has lost about -2.60%, and is up about 8.81% in the last one year (as of 05/26/2025). During this past 52-week period, the fund has traded between $62.52 and $82.80. The ETF has a beta of 1.10 and standard deviation of 22.81% for the trailing three-year period. With about 259 holdings, it effectively diversifies company-specific risk. Janus Henderson Small/Mid Cap Growth Alpha ETF is a reasonable option for investors seeking to outperform the Style Box - Small Cap Growth segment of the market. However, there are other ETFs in the space which investors could consider. IShares Russell 2000 Growth ETF (IWO) tracks Russell 2000 Growth Index and the Vanguard Small-Cap Growth ETF (VBK) tracks CRSP U.S. Small Cap Growth Index. IShares Russell 2000 Growth ETF has $11.11 billion in assets, Vanguard Small-Cap Growth ETF has $17.92 billion. IWO has an expense ratio of 0.24% and VBK charges 0.07%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Small Cap Growth. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD): ETF Research Reports Southern Copper Corporation (SCCO) : Free Stock Analysis Report Neurocrine Biosciences, Inc. (NBIX) : Free Stock Analysis Report iShares Russell 2000 Growth ETF (IWO): ETF Research Reports Vanguard Small-Cap Growth ETF (VBK): ETF Research Reports Hims & Hers Health, Inc. (HIMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
24-05-2025
- Business
- CNBC
Amid the volatility, these high-quality assets have attractive valuations — and solid yields
One place investors can turn to in this volatile market is agency mortgage-backed securities, according to Janus Henderson. The assets —debt obligations created out of a pool of mortgages and backed by the federal government — have historically been resilient in market selloffs, explained John Kerschner, head of U.S. securitized products and a portfolio manager at Janus. Stocks retreated on Friday after President Donald Trump resumed his threat of higher tariffs , this time leveled against Apple and the European Union . Treasury yields, which move inversely to prices, pulled back from their recent highs. Agency MBS are also relatively cheap compared to investment-grade corporate bonds, Kerschner pointed out. Spreads in corporates are still tight thanks to strong supply-demand dynamics, while agency MBS spreads are wider due to a challenging supply backdrop, he said. Premium over Treasurys "If people are concerned about the volatility in the markets, they're concerned about what's going to happen with tariffs and maybe this big tax bill that's coming, it's a place where you can get basically about 140 basis points more yield than Treasurys, with basically the same kind of credit that you're going to get in U.S. Treasurys," Kerschner said. Despite the turbulence that came with Trump's initial tariff announcements in April, agency MBS as of April 30 had their best start to a year since 2020, he pointed out. The Janus Henderson Mortgaged-Backed Securities ETF currently has a 5.11% 30-day SEC yield and 0.22% expense ratio. JMBS YTD mountain Janus Henderson Mortgaged-Backed Securities ETF in 2025 BlackRock's Rick Rieder also likes mortgage-backed debt and saw an opportunity to add the securities to the fund he manages, iShares Flexible Income Active ETF , when prices dropped during the April selloff. Cheapened by volatility "When rate volatility picks up, it can cheapen up mortgages," said Rieder, Blackrock's chief investment officer for global fixed income. "The liquidity of mortgages is great," he added. "Quality is good." BlackRock also has an ETF dedicated to investment-grade MBS, the iShares MBS ETF . The fund has a 30-day SEC yield of 4.22% and a 0.04% net expense ratio. MBB YTD mountain iShares MBS ETF in 2025 While supply may have recently weighed on the sector, Kerschner believes that should eventually even out. The Federal Reserve has been rolling agency MBS off its balance sheet, adding to supply, but banks have been pulling back from the market because they don't like the interest-rate volatility, he explained. Reduced supply coming As a result, the Street is starting to take down its projections for mortgage supply this year, he said. Plus, interest rate volatility should come down since it appears like the Federal Reserve may hold off on rate cuts for the foreseeable future, Kerschner added. "Lower volatility, less concern about banks, or maybe even positive that banks are going to come in and buy more and then less supply [is] setting up for better technicals," he said. Agency mortgages are also a big focus for Bryan Whalen, chief investment officer and generalist portfolio manager at TCW. The assets make up about 22.5% of one of the funds he manages, TCW Flexible Income ETF . The ETF has a 30-day SEC yield of 5.9% and a 0.40% total expense ratio. He sees an opportunity to get paid to wait while the assets, whose quality is the highest after Treasurys, appreciate in price. Typically, agency MBS trade at a spread over Treasurys that is less than corporate bonds. These days, they are about 65 basis points above corporates, he noted. "In an environment where yields are still bouncing around — and you're not going to expect that to tighten in — but you are getting paid a decent income while you wait for an eventual remediation in the price and or in the spread," Whalen said. That means investors should have a long-term view that interest rates will at some point come down and volatility will subside, he explained. "We'll get through the 'The Waiting Place' and we'll get to a steady-state yield curve that should also bring in, maybe, buyers that have … have certainly pulled back from the market in the last few years."
Bloomberg
21-05-2025
- Business
- Bloomberg
Tariffs Expected to Trigger More Market Volatility
Ali Dibadj, CEO of Janus Henderson Investors, joined the C-Suite on Bloomberg Open Interest to talk about how the geopolitical trade realignment will hit global markets. (Source: Bloomberg)
CNBC
13-05-2025
- Business
- CNBC
Midcap stocks are seeing a resurgence. These names have solid dividend histories
Midcap stocks are suddenly outperforming – and investors interested in their growth prospects might find a few good dividend payers too. The SPDR S & P Midcap 400 ETF (MDY) just scored its fifth straight winning week. The fund is off to a solid start this week, up 4% over the past two days, after the U.S. and China agreed to suspen higher tariffs for 90 days . Accords on tariffs, like the one reached with the United Kingdom and potentially in the works with China, bode well for smaller companies, which tend to be particularly sensitive to the domestic economy compared to their larger counterparts. "We're engaging with companies that are exposed to tariffs to understand their contingency plans," said Janus Henderson midcap portfolio manager Brian Demain in a recent article . "Many companies are implementing easier fixes they can make quickly, even though they come with cost headwinds," he added. Some economists on Wall Street are also starting to dial back their recession odds as the U.S. paves the way for agreements with trading partners. Goldman Sachs, for example, cut back its 12-month recession forecast to 35% from 45% following the tentative deal with Beijing. Investors hoping to capitalize on this potential tailwind for midcaps and scoop up some income at the same time may be interested in the Proshares S & P MidCap 400 Dividend Aristocrats ETF (REGL) . The ETF is up 6.6% in the past month, including reinvested dividends, according to FactSet data, and its constituents include companies that have grown dividends for at least the past 15 years. CNBC Pro used FactSet data to screen inside the REGL ETF for stocks that meet the following criteria: A dividend yield of at least 1.5%. Buy ratings from at least 51% of the analysts covering them. At least 10% upside based on consensus price targets. Here are the names we found. UMB Financial Corp made the cut. The company is rated buy or overweight by nearly 73% of the analysts covering the stock, and consensus price targets call for nearly 12% upside from current levels. Shares are down about 4%, and the stock has a dividend yield of 1.5%. Truist Financial analyst Brian Foran rated UMB a buy in a report on Monday, noting, "They are a bank with strongholds in niche fee areas, diverse geographic and sector exposures, and peer-leading fee and [loan-to-deposit] ratios." Earlier this year, UMB closed on its acquisition of Heartland Financial, a move that boosted its total assets by more than 30%, to about $68 billion. "Heartland's relative strength in the consumer segment such as mortgages and cards will help diversify the balance sheet, and UMB's system & scale help these areas grow more effectively," Foran added. Reinsurance Group of America is also showed up on the screen. In all, about 77% of the analysts covering the name rate it the equivalent of buy, with consensus price targets calling for upside of nearly 16%. Shares are down roughly 3% in 2025, and the stock pays a dividend yield of 1.7%. Piper Sandler analyst John Barnidge stuck with his overweight rating on the stock after RGA posted first quarter operating income of $5.66 per share, topping the FactSet consensus call for $5.31 per share. "This is one of the rare names in lifecoland where we have stability in earnings this quarter, which we find very much to be RGA-specific as the traditional business grows greater than expected and continues to deliver favorable claims experience," he said. As a reinsurer, RGA essentially "backs" other insurance companies, providing coverage to help transfer mortality and morbidity risk. "1Q25 demonstrated the mortality-as-a-service flywheel is not just intact but has led to stronger top-line growth in the higher multiple traditional mortality business," Barnidge added. Finally, Essential Utilities turned up on CNBC's list. The company provides drinking water, wastewater treatment infrastructure and natural gas. Shares are up about 3% this year, and the company offers a dividend yield of 3.5%. Essential Utilities on Monday posted first-quarter earnings of $1.03 per share on revenue of $784 million, encouraging Janney Montgomery Scott analyst Michael Gaugler to reiterate a buy rating. "Contributing to the 7.5% increase in water revenues and ~46% increase in natural gas sales were the following: additional revenues from regulatory recoveries, purchased gas costs and higher natural gas volumes," he said in a Monday report. Gaugler added that there have been several data center announcements for facilities to be located within Essential Utilities' natural gas service territory in western Pennsylvania. "All in, it looks like positive momentum building in terms of earnings and future capex opportunities," he said. Other stocks that appeared in CNBC Pro's screen included Equity LifeStyle Properties , Prosperity Bancshares and Unum Group . —CNBC's Fred Imbert contributed reporting.
Yahoo
13-05-2025
- Business
- Yahoo
Chinese Stocks Slide as Trade Truce Seen Dashing Stimulus Hopes
(Bloomberg) -- Chinese stocks fell in Hong Kong on Tuesday, as initial optimism from the tariff truce with the US gave way to concerns that Beijing would hold back on stimulus measures. A New Central Park Amenity, Tailored to Its East Harlem Neighbors As Trump Reshapes Housing Policy, Renters Face Rollback of Rights What's Behind the Rise in Serious Injuries on New York City's Streets? NYC Warns of 17% Drop in Foreign Tourists Due to Trump Policies LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration The Hang Seng China Enterprises Index dropped as much as 1.9% after climbing 3% in the previous session on optimism over thawing Sino-US tensions. The onshore benchmark CSI 300 Index pared early gains. The retracement reflects worries that Chinese policymakers would have less incentive to push through higher fiscal spending or enact more stimulus, which are needed to address growth challenges, according to Sat Duhra, a portfolio manager at Janus Henderson Investors. It's also a sign that investors are shifting their focus toward the material impact of still-higher US import duties, as well as uncertainties over further bilateral talks in the coming months. 'The uncertainty is no longer about what tariffs will be imposed, but about how these levels will hit earnings and economic momentum, especially heading into the third quarter,' said Charu Chanana, chief investment strategist at Saxo Markets. 'So while sentiment has improved, the real test lies in how consumers and corporates respond to these new trade realities.' The Hong Kong gauge's latest decline means it has yet to recoup all the losses it has incurred from early April, when Trump announced his aggressive tariffs. It also has dented hopes to revive a world-beating rally in Chinese equities earlier this year. The US said Monday it will slash duties on Chinese products to 30% from 145% for a 90-day period, while Beijing agreed to drop its levy on most goods to 10%. Another factor weighing on sentiment is concern that the Trump administration would escalate tensions again. Previous episodes of him walking back agreements during the 2018 trade talks are reminders for investors to stay cautious. 'There is still uncertainty as to whether there will be any back and forth in the 90-day buffer period,' said Shen Meng, director at Beijing-based investment bank Chanson & Co. Separately, the yuan climbed to a six-month high in both the onshore and offshore markets on Tuesday after the People's Bank of China set the currency fixing stronger than the 7.2 per dollar level. --With assistance from Iris Ouyang and Winnie Hsu. The Recession Chatter Is Getting Louder. Watch These Metrics US Border Towns Are Being Ravaged by Canada's Furious Boycott Two Million Meat Sticks a Day Isn't Enough for Chomps' CEO With the New York Liberty, Clara Wu Tsai Aims for the First $1 Billion Women's Sports Franchise How the Lizard King Built a Reptile Empire Selling $50,000 Geckos ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
