Janus' Juggernaut Jolted
Fund closings, tech sell-off, and loss of a leader dim family's star.
Shuttered funds, sluggish performance, and the departure of a revered manager have slowed the Janus juggernaut in August.
Through Friday, the total net flow of money into all of Denver-based Janus Capital's stock funds was nearly $353.5 million, down 82% from its July inflows of about $2 billion and a nearly 95% drop from the almost $7 billion in equity fund inflows the fund family saw in March, just as the Nasdaq Stock Market entered an extended correction.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.