Janus Henderson to Close Europe’s First Gulf Sovereign Bond ETF

Janus Henderson will close the Janus Henderson GCC Sovereign USD Bond Core UCITS ETF (TGGD) on June 29, citing limited scale and client demand. Launched in 2023 as Europe’s first ETF focused on Gulf sovereign bonds, TGGD tracks U.S. dollar-denominated government debt issued by GCC countries including Saudi Arabia, the UAE, and Qatar. Despite delivering a 4.38% annualized return since inception, the fund has gathered just $3.9 million in assets. The closure marks the fourth ETF shuttered since Janus Henderson’s acquisition of Tabula Investment Management in 2024 as the firm continues to streamline underperforming products.