John Kerschner, CFA
![John Kerschner, CFA | Janus Henderson Investors](https://www.janushenderson.com/wp-content/uploads/sites/4/Headshot-featured_John-Kerschner.jpg?w=300)
John Kerschner is Head of US Securitised Products and a portfolio manager at Janus Henderson Investors. He is a member of the Securitised Credit and US Fixed Income Teams and leads the teams in finding innovative ways to utilise structured products in JHI portfolios. Prior to joining Janus in 2010, John was director of portfolio management at BBW Capital Advisors. Before that, he worked for Woodbourne Investment Management, where he was global head of credit investing. John began his career at Smith Breeden Associates as an assistant portfolio manager and was promoted several times over 12 years, becoming a principal, senior portfolio manager and director of the ABS-CDO group.
John received his bachelor of arts degree in biology from Yale University, graduating cum laude. He earned his MBA from Duke University, Fuqua School of Business, where he was designated a Fuqua Scholar. John holds the Chartered Financial Analyst designation and has 34 years of financial industry experience.
Products Managed
Articles Written
![The winds of change are blowing: Why MBS now? The winds of change are blowing: Why MBS now?](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-sb10066425z-002_Retina_4800X3200px.jpg?w=640)
The winds of change are blowing: Why MBS now?
Why we believe MBS is poised for outperformance in the current environment.
![US Asset-Backed Securities: A securitized products primer US Asset-Backed Securities: A securitized products primer](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-154962509._Retina_4800x3200px.jpg?w=640)
US Asset-Backed Securities: A securitized products primer
What are asset-backed securities, and how might they play a role in investors’ portfolios?
![Top-performing fixed income sectors in H1 2024: Securitized outpaces the Agg Top-performing fixed income sectors in H1 2024: Securitized outpaces the Agg](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-dv2094031_Retina_4800x3200px.jpg?w=640)
Top-performing fixed income sectors in H1 2024: Securitized outpaces the Agg
Ranking the best-performing fixed income sectors through the first half of 2024.
![Quick View: Jobs data offering conflicting views of the U.S. jobs market Quick View: Jobs data offering conflicting views of the U.S. jobs market](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-93912702_Retina_4800X3200px.jpg?w=640)
Quick View: Jobs data offering conflicting views of the U.S. jobs market
We look under the hood of a seemingly strong nonfarm payrolls (NFP) number and offer insights to help investors position for the Fed’s likely policy response.
![Commercial Mortgage-Backed Securities: A securitized products primer Commercial Mortgage-Backed Securities: A securitized products primer](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-523875332._Retina_4800x3200px-1.jpg?w=640)
Commercial Mortgage-Backed Securities: A securitized products primer
What are commercial mortgage-backed securities, and how might they play a role in investors’ portfolios?
The role of U.S. securitized assets in the Global Financial Crisis: Part 3
The final installment in a three-part video series considers how non-mortgage related securitized sectors fared through the GFC and what investors can learn from this period in history.
The role of U.S. securitized assets in the Global Financial Crisis: Part 2
The second installment in a three-part video series explores collateralized debt obligations (CDOs) and synthetic CDOs and their role in the Global Financial Crisis.
The role of U.S. securitized assets in the Global Financial Crisis: Part 1
The first in a three-part video series explores the role securitized assets played in the Global Financial Crisis.
Global Perspectives: Navigating U.S. securitized markets in an uncertain rate environment
How the current interest rate environment impacts the securitized market and why active management is key to identifying the best opportunities.
![Quick View: Higher for longer… or higher for now Quick View: Higher for longer… or higher for now](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-159628227._Retina_4800x3200px.jpg?w=640)
Quick View: Higher for longer… or higher for now
How March’s Core PCE reading impacts rate expectations and the overall inflation picture in the U.S.
![Agency Mortgage-Backed Securities: A securitized products primer Agency Mortgage-Backed Securities: A securitized products primer](https://www.janushenderson.com/wp-content/uploads/sites/4/GettyImages-1147516912_Retina_4800X3200px.jpg?w=640)
Agency Mortgage-Backed Securities: A securitized products primer
What are agency mortgage-backed securities, and how might they play a role in investors’ portfolios?
![Collateralized Loan Obligations: A securitized products primer Collateralized Loan Obligations: A securitized products primer](https://www.janushenderson.com/wp-content/uploads/sites/4/Home-Office_Retina_4800x3200px.jpg?w=640)
Collateralized Loan Obligations: A securitized products primer
What are collateralized loan obligations, and how might they play a role in investors’ portfolios?