ETF Watch: Janus Plans Quality Income Fund
A new filing outlines a methodology for a quality-focused ETF.
A recent filing from Janus indicates the firm plans to launch an ETF that covers companies at the global level that exhibit quality characteristics and pay “attractive and sustainable” dividends. The Janus SG Global Quality Income ETF (SGQI) will track the SGI Global Quality Income Index, which was created by Societe Generale.
The index covers nonfinancial companies from developed-market countries with market capitalizations of at least $3 billion. Eligible stocks are evaluated based on nine quality criteria, and must meet acceptable levels in at least seven of those areas, according to the prospectus. Among the criteria are return on assets, cash flow, dividend yield and creditworthiness.
Janus currently has eight U.S.-listed ETFs.
The filing did not include an expense ratio or exchange listing.
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