Daily ETF Watch: Janus Fund Closing

New actively managed bond fund has a wide scope.

Reviewed by: Heather Bell
Edited by: Heather Bell

Janus will be closing one of its funds later this month. The Janus Equal Risk Weighted Large Cap ETF (ERW | C-73) will see its last day of trading Feb. 24.

The fund tracks a large-cap U.S. equity index, but components are weighted so that each contributes the same amount of risk to the index. It has a little over $2 million in assets under management.

Originally branded as a VelocityShares product, the fund launched in 2013 and transitioned to Janus Capital Group after Janus acquired the exchange-traded products firm.

This is the fourth closure to be announced in 2016.

Contact Heather Bell at [email protected].

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.