ALPS, a subsidiary of DST Systems is planning to reorganise the Janus Velocity Tail Risk Hedged Large Cap ETF and Janus Velocity Volatility Hedged Large Cap ETF into newly created exchange-traded funds (ETFs) of the Janus Detroit Street Trust.
The proposed reorganisations of the Funds, which must be approved by existing shareholders, will allow shareholders the opportunity to continue investing in corresponding new ETFs with the same names, investment objectives and underlying indices, but as part of a Janus-structured platform.
If approved by shareholders, the proposed reorganisations are expected to close on or around 18 July, 2016.
