Stilwell Financial, parent company of fund giant Janus, announced today that its total assets under management continue to slip as the market downturn persists.

The firm said assets declined between July and August by 6.7%. The company's assets under management totaled $195 billion at the markets' close Aug. 31. In addition, Stilwell said its average assets under management for the past eight months was $228 billion, a decline of 24.4% from $257.8 billion in December.

It is widely known that Janus funds invested heavily in technology stocks, which were bludgeoned flat by the falling Nasdaq during the past 18 months. A Stilwell spokesman, however, would not comment on the declines.

 

 

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