Core Viewpoint - Man Group has officially entered the U.S. ETF market by launching two actively managed credit funds, marking a strategic expansion for the firm with $193.3 billion in assets under management [1]. Group 1: Fund Details - The Man Active High Yield ETF (MHY) has launched with approximately 100 holdings and an expense ratio of 0.69%, focusing on high-yield debt with the ability to invest up to 30% in C-rated bonds [2]. - The Man Active Income ETF (MANI) has a fee of 0.85% and a smaller portfolio of about 30 securities, employing a bottom-up approach across various debt types without committing to a specific sector or geography [4]. Group 2: Investment Strategy - The strategy for MHY involves avoiding larger issuers and focusing on smaller and mid-sized companies, which are often overlooked but may present good investment opportunities [3]. - The MANI fund's strategy is described as cycle-aware and selective, aiming to navigate through different markets, sectors, and companies to identify the best prospects for income and capital growth [5]. Group 3: Market Context - The launch of these funds positions Man Group among major players in the growing U.S. ETF market, which is seeing increased demand for actively managed income products as market volatility rises [5].