Industry Updates

Janus Henderson completes Tabula acquisition

Opportunity to disrupt active bond market

Lauren Gibbons

Janus Henderson

Janus Henderson has completed the acquisition of Tabula Investment Management after announcing plans to acquire the firm in May.

Following the acquisition, the US asset manager has earmarked the launch a suite of active ETFs, while retaining Tabula's 11 strong exchange-traded product range.

Janus Henderson currently houses $18.9bn assets under management (AUM) across 11 US-listed ETFs.

The group hopes to utilise its existing European client base and has further plans to expand into Latin America, the Middle East, and APAC.

Janus Henderson's entry into European ETFs presents an opportunity for the firm to innovate in the active bond market, with fund selectors previously being vocal on the need for more product development in this area.

Ali Dibadj, CEO of Janus Henderson Investors, said: “The addition of Tabula enables us to respond to client demand globally for our investment strategies to include a UCITS ETF wrapper and positions Janus Henderson as a trusted and credible player in the European ETF market.”

Michael John Lytle, CEO of Tabula, added: “We have established a very effective ETF business with a focus on differentiated fixed income ETFs. We are in the process of creating a range of new active ETFs that will produce a market leading multi-asset ETF toolkit.”

Tabula currently has $877m AUM across 10 fixed income ETFs and one gold exchange-traded commodity (ETC).

The European active ETF market is currently dominated JP Morgan Asset Management which has amassed a 44% market share since entering in 2018.

Assets under management in European active ETFs have grown from €5.7bn at the beginning of 2015 to €33.6bn currently, according to Morningstar.

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