
2 FEB, 2026
By Joanna Piwko from RankiaPro Europe

Janus Henderson Investors announced today the launch of the Janus Henderson US Short Duration High Yield Active Core UCITS ETF (JSHY), the latest addition to the manager's active fixed income UCITS ETF offering.
The ETF offers investors exposure to short-duration US high-yield corporate bonds, primarily focused on BB-B rated issues, with the aim of providing high income generation, low interest rate sensitivity and attractive risk-adjusted returns.
JSHY is managed by Erin Noel, Global Head of Quantitative Fixed Income, along with Brent Olson, portfolio manager of the High Yield team, and Mike Talaga, Global Head of Credit Analysis. The team is backed by a global network of 65 analysts specializing in corporate credit, securitizations, emerging market debt and quantitative research.
The team applies a systematic framework based on proprietary quantitative models to identify undervalued bonds and risks in a structured way, complemented by a deep fundamental analysis of credit. This approach evaluates the entire investable universe daily, with the aim of detecting relative value opportunities within the short-term high yield segment, an area where traditional approaches often have less coverage. Through a disciplined and rule-based framework, the team integrates key quantitative signals under strict risk constraints, seeking consistent market outperformance and controlled portfolio volatility.
The launch comes after a period of significant growth, with the European ETF platform surpassing $1 billion in assets and the global platform exceeding $40 billion.
The launch of JSHY reflects our ongoing commitment to expanding a differentiated range of active fixed income ETFs for global investors. Short-duration US high yield has become an increasingly relevant allocation tool in periods of uncertainty about interest rates, and this fund offers a more resilient way to access that market. With JSHY, we expand our UCITS ETF platform and reinforce the strong momentum of our existing solutions.
Ignacio De La Maza, Head of EMEA & LatAm Client Group at Janus Henderson
Short-term US high yield has historically offered solid risk-adjusted returns, benefiting from structural inefficiencies that translate into a higher quality issuer base and lower volatility, often outperforming other traditional spread products. By combining our deep fundamental understanding of credit with advanced systematic signals, we aim to consistently generate alpha, efficient portfolio construction, and a more resilient path to access short-term high yield opportunities.
Erin Noel, Global Head of Quantitative Fixed Income at Janus Henderson