Janus Henderson CEO on Market Opportunities

The video discusses the broadening opportunities in investment management, focusing on private credit and asset-backed investments. It highlights the acquisition of Victory Park Capital and debates the convergence of private and public investments. The speaker emphasizes the importance of liquidity and the challenges of merging private investments with ETFs. The discussion extends to alternative investments like royalties and litigation finance, and the growth strategy in ETFs, particularly in fixed income and equities. The video concludes with an analysis of innovations in CLO ETFs and the potential for public-private combinations.

What is the main reason for the shift from direct lending to asset-backed investments?

• Better returns and safety in asset-backed investments

• Regulatory changes favoring asset-backed investments

• Lack of opportunities in direct lending

• Higher risk in direct lending

What is a significant challenge in merging private investments with ETFs?

• Regulatory barriers

• High transaction costs

• Lack of investor interest

• Ensuring sufficient liquidity

Which area is Janice Henderson focusing on to avoid commoditization?

• Asset-backed royalties

• Corporate bonds

• Real estate

• Traditional direct lending

What is a key characteristic of the areas Janice Henderson is focusing on?

• Low returns

• High liquidity

• Uncorrelated returns

• High correlation with market trends

What is a major factor driving the need for active investment strategies in the current market?

• Low cost of capital

• Stable economic conditions

• Geopolitical changes and demographic shifts

• Predictable market trends

In the context of ETFs, what does the term 'securitized' refer to?

• Real estate investments

• Corporate stocks

• Asset-backed securities

• Government bonds

What is a potential benefit of combining public and private assets in an ETF?

• Increased regulatory oversight

• Enhanced liquidity and returns

• Simplified investment process

• Reduced market volatility