Janus Capital's assets under management dropped $6.4 billion, or approximately 4.7%, to $129 billion in July, mostly due to market depreciation, the firm said.

Eighty-seven percent of the drop-off was due to market depreciation, Janus said, while long-term net outflows reached $1.1 billion and total net outflows tallied $0.8 billion. Year-to-date, through the end of June, Janus saw $3.5 billion walk out the door, according to Financial Research Corp.

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