While Janus Capital Group still suffered a slight outflow in June, the companys mutual funds had another strong month in terms of performance, and signs are pointing toward a return to respectability for the formerly prominent but currently scandal-tarred firm, the company announced.
In one-year returns, 70% of Janus funds were in the top half of their Lipper categories while 55% were in the top half on a three-year basis. Even better, for the first time in 4-1/2 years, the seven Janus domestic retail growth funds performed in the top one-year quartile, according to Lippers analysis.
Januss assets under management dipped from $135.8 billion in May to $135.4 billion in June, a 0.3% decrease, while long-term net outflows of $1.4 billion included $320 million drawn out by institutional investors. Janus Worldwide Fund suffered the most, but the company is confident that new portfolio manager Jason Yee will rekindle that fund.
"Equity and fixed-income outflows are at the best level we've seen in the last 10 months," said Janus Chairman and CEO Steve Scheid. "And as our fund performance continues to improve, we're confident that the outlook will keep getting brighter."