Man Active Income ETF (MANI) is an actively managed exchange-traded fund that seeks current income and capital growth over a medium- to long-term horizon by investing primarily in debt instruments across multiple credit sectors, including corporate, government, and securitized debt; the fund employs a bottom-up investment approach guided by margin of safety assessments rather than benchmarks, with flexibility to hold convertible bonds, hybrid securities, other fixed income instruments, and equity-linked investments of any maturity or duration. Launched on September 16, 2025, as part of Man Group's inaugural standalone ETFs listed on the New York Stock Exchange, MANI is managed by Jonathan Golan, Head of Investment Grade and Dynamic Credit at Man Group, and draws on the firm's $42.7 billion global credit platform as of June 30, 2025. The ETF, with a net expense ratio of 0.85%, targets U.S. investors seeking diversified income sources amid growing demand for active credit strategies and is distributed by Foreside Financial Services, LLC.
This recent launch in September 2025 marks Man Group's strategic entry into the U.S. ETF market alongside the simultaneous debut of its sibling fund, Man Active High Yield ETF (MHY), broadening access to the firm's institutional-grade credit expertise for retail and wealth investors. MANI operates without fixed geographic or sectoral constraints, navigating market cycles across issuers and regions to identify opportunities in investment-grade and dynamic credit, reflecting Man Group's evolution from its hedge fund roots—founded in 1783 and headquartered in London—to technology-empowered active management across global equity, credit, commodities, and currency markets. The fund is issued by Man ETF Series Trust, with advisory services from Man Solutions located at 1345 Avenue of the Americas in New York.