Fund performance

Wary investors pushed the S&P 500 Index of equities to its longest slump since 1980.

Seven of largest asset managers reported a record $50 billion in combined outflows during the third quarter of 2016.

Assets at firm's Total Return Fund have slipped 70% from its peak in April 2013 to $82.6 billion.

The company reported losses in three straight quarters through March 31.

This year through October the fund gained 3.7%, trailing the benchmark Bloomberg Barclays U.S. Aggregate index, which rose 5%.

Institutions that are willing to invest at least $100 million can get the Janus total-return strategy as a separate account, according to a person with knowledge of the matter.

"Barriers to entry for the actual robo part are very low we think. So this may well be exploited," the firm wrote in a recent report.

In the second quarter, that group of seven saw $34 billion in outflows.

Mirae Asset Global Investments said it is building its cash position in one of its Asia bond funds during the U.S. presidential campaign.

Prices of the metal have dropped by half from a peak in 2011.