MBS Investing – Building Strategic Portfolios Loan by Loan from the Bottom Up – Janus Henderson Investors – 11.16.18

Summary:

Now On Demand.

This current prolonged period of flat-to-rising interest rates and a drawn-out credit cycle has investors looking for ideas on how to move forward with their fixed income allocations. Given this backdrop and the Federal Reserve signaling future, albeit small, rate hikes, mortgage-backed securities (MBS) may offer investors a differentiated option that can diversify their core fixed income allocation while taking less credit risk. Join Janus Henderson Investors for an overview of the MBS market and an introduction to our new actively managed mortgage-backed securities ETF – JMBS.

This webinar will cover:

• Overview and outlook of the MBS market given where we are in the credit cycle
• Why we believe the MBS market is well suited for active management
• The role MBS could play in a diversified fixed income portfolio

Speakers:

John Kerschner is Head of U.S. Securitized Products at Janus Henderson Investors and a Portfolio Manager of the Multi-Sector Income strategy and Mortgage-Backed Securities ETF. He also has co-managed the fixed income portion of the Perkins Value Plus Income strategy since 2018. In his role as Head of U.S. Securitized Products, Mr. Kerschner primarily focuses on mortgage-backed securities and other structured products. Prior to joining Janus in 2010, Mr. Kerschner was director of portfolio management at BBW Capital Advisors. Before that, he worked for Woodbourne Investment Management, where he was global head of credit investing. Mr. Kerschner began his career at Smith Breeden Associates as an assistant portfolio manager and was promoted several times over 12 years, becoming a principal, senior portfolio manager and director of the ABS-CDO group.

Mr. Kerschner received his bachelor of arts degree in biology from Yale University, graduating cum laude. He earned his MBA from Duke University, Fuqua School of Business, where he was designated a Fuqua Scholar. Mr. Kerschner holds the Chartered Financial Analyst designation and has 28 years of financial industry experience.

Nick Childs is a Portfolio Manager at Janus Henderson Investors, a position he has held since 2018. He is responsible for managing the Mortgage-Backed Securities ETF, with a primary focus on valuing opportunities and managing exposure of residential mortgage-backed securities (MBS). Additionally, he is a Securitized Products Analyst. Prior to joining Janus in 2017 as a securitized products analyst, he was a portfolio manager from 2012 to 2016 at Proprietary Capital, LLC, where he managed alternative fixed income strategies specializing in MBS, absolute return investing. His work with Proprietary Capital included managing all major U.S. interest rate and MBS risks, modeling borrower behavior and MBS deal structure, and advancing market-neutral hedging strategies. Before that, he was vice president at Barclays Capital in their capital markets division, where he focused on securitized products from 2007 until 2012. Prior to joining Barclays, he was vice president at Lehman Brothers. He began his career at State Street Global Advisors in 2003.

Mr. Childs received his bachelor of science degree in finance with a minor in economics from the University of Denver. He holds the Chartered Financial Analyst designation and has 15 years of financial industry experience.

Steve Quinn is Head of ETP Distribution at Janus Henderson Investors. Mr. Quinn served as managing partner and head of distribution at VelocityShares, which Janus acquired in 2014. Prior to joining VelocityShares, he managed a team at UBS and was responsible for delivering the company’s capabilities to some of the largest hedge funds and investment complexes in the U.S. He has worked with large asset managers in Chicago and New York, as an executive director at JP Morgan, and in portfolio management at Bankers Trust private bank.

Mr. Quinn received a bachelor of arts degree in business administration from Fordham University and an MBA from New York University. He has 23 years of financial industry experience.