Janus Capital Agrees to $30M VelocityShares Deal for ETFs

The transcript discusses Janus Capital's acquisition of Velocity Shares, a move aimed at enhancing their ETF presence. Bill Gross, known for his expertise in managing ETFs, is expected to play a significant role in this venture. The acquisition involves an upfront cash consideration of $30 million and is subject to regulatory approval, with completion anticipated in the fourth quarter. The CEO of Velocity Shares highlights the synergies between the firms, and the transcript concludes with a note on Janus Capital's aggressive strategy under Bill Gross.

What is Bill Gross's previous experience with ETFs?

What does the acquisition aim to boost for Janus Capital?