A magneto-electronic component includes an electrically conductive layer (310, 410) for generating a magnetic field and having a length (301, 401) and a width (302, 402) substantially perpendicular to and substantially smaller than the length. The magneto-electronic component also includes a ferromagnetic cladding layer (320, 420) located adjacent to the electrically conductive layer. The ferromagnetic cladding layer has a shape anisotropy substantially parallel to the length of the electrically conductive layer and also has an induced anisotropy that is non-parallel to the shape anisotropy.