Janus Capital Group Inc. has moved to expand its Asian distribution by signing an agreement to offer its funds through 30 Taiwan banks. The move comes as its assets under management fell again in the first quarter.
The Denver mutual fund company announced last week that it will offer 10 Janus funds through 30 of Taiwan's 40 banks. Janus began selling its funds in Taiwan 18 months ago through an exclusive arrangement with Citigroup and has accumulated $500 million of assets. Four months ago, Janus got permission from Taiwan's Securities and Futures Commission to seek out local distribution.