More importantly, the firm experienced the first quarterly net inflows to its funds in six years, and it announced a $500 million share buyback plan. Assets rose to $190.6 billion from $153.4 billion in the second quarter a year earlier.
“Things are really starting to improve at Janus. It was a good quarter,” said
Nonetheless, shares of Janus, which has been the best performer in the S&P Asset Management and Custody Banks Index so far this year, rising 37.4% through Wednesday, fell 1.4% after the earnings were announced.
“People are getting more nervous with overall market expectations,” Smith said.
