Janus in key acquisition
Janus Capital Group announced this week it had agreed to acquire the parent company of Velocity Shares - VS Holdings Inc.
Announcing the transaction, Janus described VelocityShares as a leading provider of unique institutionally-focused exchange-traded products (ETPs), including exchange-traded funds (ETFs), that delivered sophisticated volatility management solutions.
Commenting on the move, Janus Capital Group chief executive, Richard M Weil said it positioned his company within the rapidly-growing rules-based and active ETF universe, enhancing the customised solutions it could offer its clients.
"Today's announcement is a continuation of our strategy of intelligent diversification, adding new talent to support innovation and smart solutions for our clients," he said.
The announcement said Velocity Shares products would continue to be distributed by the VelocityShares team through its existing distribution channels.
Recommended for you
A Gold Coast-based financial adviser has been banned for four years by the corporate regulator after he provided inappropriate advice for Next Generation Advice regarding speculative and illiquid investments.
With $34.9 million in cash on its balance sheet, Fiducian executive chairman Indy Singh has said the licensee won’t be rushed into making large advice acquisitions or paying out special dividends.
ETF provider VanEck is set to launch its latest smart beta ETF – the MSCI International Growth ETF– ushering in a new growth international equities strategy.
Advancing research on the use of artificial intelligence in financial services, AMP has announced a strategic partnership with UNSW Sydney.
