Hedge Fund Giant Man Group Enters ETFs With MHY and MANI Launches

How Man Active High Yield ETF

MHY

-0.36%

Works?

MHY provides active exposure to the global high-yield universe, investing at least 80% of its assets in below-investment-grade securities across the U.S., international, and emerging markets.

The fund uses a bottom-up, credit-intensive process centered on issuer fundamentals—leverage, free cash flow, and solvency—complemented by top-down thematic views.

The portfolio spans senior and subordinated debt, distressed and special situations credit, as well as selective equity-linked instruments. Derivatives may be used for both risk management and return enhancement.

Why Invest in MHY?

• High conviction – Focused on the team’s best ideas across the global high-yield market.
• Value driven – Rigorous bottom-up analysis centered on solvency, cash flow, and relative value.
• Alpha, not beta – An unconstrained approach designed to avoid benchmark concentration risks and instead exploit mispriced opportunities.

The Case for High Yield

High-yield credit has historically delivered a compelling risk/return profile and shown greater resilience than equities during periods of market stress.

While large issuers dominate the high-yield market, MHY tilts toward small- and mid-sized issuers—a less crowded segment that often provides more attractive opportunities.

How Man Active Income ETF

MANI

+0%

Works?

MANI takes a flexible, multi-sector approach across the global credit spectrum, including high yield, investment grade corporates, government and agency debt, and securitized instruments.

The fund seeks to uncover securities mispriced due to overstated risks, capturing income and capital appreciation through active management.

The portfolio includes bank loans, preferreds, convertibles, CLOs, CMOs, and mortgage- and asset-backed securities, with opportunistic allocations to equities or equity-linked instruments.

The strategy also integrates emerging markets and distressed credit, while using derivatives for hedging, risk management, or efficient exposure.

Why Invest in MANI?

• High conviction – Access to the team’s strongest ideas across global fixed income.
• Consistent income – Designed to generate steady, attractive income streams.
• Dynamic allocation – A flexible approach that adapts to evolving markets, cycles, and credit conditions.

The Case for Flexible Credit

Instead of following benchmarks, MANI applies a margin of safety discipline to guide allocations, targeting securities the team believes offer the best value across corporate and securitized markets. The fund’s dynamic structure allows it to pivot across geographies, sectors, and issuers to capture opportunities for both income and capital growth as conditions evolve.

Bringing Institutional Credit to Everyday Investors

Mark Bedford, Global Head of Wealth, Man Group, said:

“These Funds complement our broader capabilities and offer investors diversified sources of income in the vehicles they want. Credit ETFs are one of the fastest growing segments of the ETF universe, while active ETFs are expected to quadruple in the next five years. We’ve long been in the business of broadening our capabilities and are pleased that our deep institutional knowledge within global credit and alternatives will now be accessible to the average investor in the US wealth marketplace.”

About Man Group

Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives.

Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, it manages $193.3bn* and operates across multiple offices globally.

Man Group announced the launch of its first-ever standalone ETFs, Man Active High Yield ETF (“MHY”) and Man Active Income ETF (“MANI”). The actively managed credit funds, which are listed on NYSE, seek to deliver income and capital growth over the medium to long-term, and provide US investors access to Man Group’s $42.7bn* global credit platform and institutional-grade strategies.

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.