---
title: "Janus Henderson's New ETFs Aim To Turn Market Swings Into Steady Income"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284828615.md"
description: "Janus Henderson has launched two new ETFs, the Janus Henderson Equity Linked High Income ETF (JELH) and Janus Henderson Equity Linked Moderate Income ETF (JELM), aimed at providing equity-driven income with downside protection. These funds utilize derivatives-based strategies to offer diversified exposure beyond traditional bonds, targeting income-focused investors. Key features include a transparent ETF structure, income generation through equity volatility, and an expense ratio of 0.59%. The launch responds to increasing demand for risk-managed income solutions in a more accessible format."
datetime: "2026-04-30T19:13:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284828615.md)
  - [en](https://longbridge.com/en/news/284828615.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284828615.md)
---

# Janus Henderson's New ETFs Aim To Turn Market Swings Into Steady Income

**Janus Henderson Investors** (NYSE:JHG) launched two new ETFs last week, introducing a new approach to income investing that blends derivatives-based strategies with the ETF wrapper.

The funds — the **Janus Henderson Equity Linked High Income ETF** (BATS:JELH) and **Janus Henderson Equity Linked Moderate Income ETF** (BATS:JELM) — aim to give investors streamlined access to equity-linked income strategies that are typically complex and operationally intensive. They combine autocallable and stability equity-linked notes (ELNs) along with swaps that replicate their payout structures within a single portfolio.

Targeted at income-focused investors, advisors, and institutions, the ETFs are designed to diversify beyond traditional bonds and dividend-paying equities.

## **Key Features Of JELH And JELM:**

-   Combines autocallable and stability ELNs with swaps replicating ELN payouts in a single ETF
-   Diversified exposure across single stocks, indices, and index baskets
-   Portfolio diversification across bank counterparties and maturities
-   Designed to generate income by harvesting equity volatility
-   Incorporates downside barrier mitigation features within underlying holdings
-   Offers a transparent, liquid ETF structure for traditionally complex strategies
-   Provides two income profiles—high and moderate—to suit varying investor needs
-   Expense ratio: 0.59% for each fund

The funds seek to generate income by tapping equity market volatility while incorporating downside barrier features. The firm positions these ETFs as a way to deliver institutional-grade structured income exposure without the concentration risks and lifecycle management burdens associated with holding individual structured notes.

Janus Henderson says the launch reflects growing demand for risk-managed income solutions that go beyond conventional fixed income, packaging structured strategies into a more accessible and scalable ETF format.

**Read Also: New 2x Leveraged Hyperliquid ETF Brings DeFi Derivatives Exposure To Public Markets**

_Image: Shutterstock_

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