Daily ETF Watch: New Janus Small Cap Funds

Janus rolls out its first ETFs since acquiring VelocityShares.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Janus Capital Group today is launching its first two ETFs since the acquisition of VelocityShares in 2014. The Janus Small Cap Growth Alpha ETF (JSML) and Janus Small/Mid Cap Growth Alpha ETF (JSMD) both track indexes designed to select companies that are likely to experience what the prospectus terms “smart growth.”

The methodology scores eligible components on 10 fundamental factors that are designed to measure the companies’ performance in the areas of growth, profitability and capital efficiency. The funds select the companies falling into the top 10% based on their scores. JSML uses the Solactive Small Cap Index, which covers 2,000 small-cap companies, as its selection universe, while JSMD uses the 2,500-stock Solactive Small/Mid Cap Index.

Both funds are launching on the Nasdaq stock market and come with an expense ratio of 0.50%.


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.