Janus Henderson is entering the European ETF market via the acquisition of Tabula Investment Management, while Crédit Mutuel Asset Management has been absorbed into La Française Asset Management.

Announcing the deal with Tabula, Janus Henderson said it expects the acquisition would allow it to respond to clients’ demand globally for its investment strategies to include a UCITS ETF wrapper, the most ubiquitous ETF structure outside of the US.

It said it wanted to leverage its global distribution platform and enhance its partnership with its UK and European client base, which was increasingly looking at active ETFs, and to reach key growing markets in Latin America, the Middle East and APAC.

Nearly 10% of European ETF launches last year were actively managed, according to Janus.

Established in 2018, Tabula has over $500m in assets under management and funds listed across 10 European exchanges.

Tabula Capital, the active management arm of the business, is not part of the transaction and will continue to run as a separate entity focused on delivering systematic credit strategies.

Financial terms of the acquisition were not disclosed and the deal is expected to close in the second quarter of 2024 subject to customary closing conditions, including regulatory approvals.

Separately, it was also announced that Crédit Mutuel Asset Management and La Française Asset Management were merging, effective 1 May 2024.

Crédit Mutuel Alliance Fédérale said it wanted to strengthen its position in the asset management market by grouping its asset management companies under a multi-specialist model and that this new organisation would bring together all the know-how of the mutual group.

The newly-formed asset management company, ‘New’ Crédit Mutuel Asset Management, manages €86bn in assets and has 172 employees based in France and Germany.

Looking for IPE’s latest magazine? Read the digital edition here