Janus Capital Group suffered $5.9 billion in outflows for May, up from $700 million of outflows in April, the company announced. However, institutional clients’ plans to redeem their assets should now be winding down, Janus said.

Scandal-tarnished Janus also said that its average assets under management fell from $145.6 billion in April to $135.1 billion in May, a 7.2% drop. Nonetheless, the company is confident that it would stem the tide, pointing out that 74% of its funds are in the upper 50% on Lipper’s one-year ratings and 52% are in the top half for three-year ratings.

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