Janus Capital Group's assets under management totaled $194.7 billion as of June 30, up 1.8% from three months earlier and 1.1% from June 30, 2015, the company reported Tuesday in its earnings release.
The increase in assets during the quarter reflects net market appreciation of $3.1 billion and exchange-traded product net inflows of $300 million.
Fixed income saw net inflows of $400 million and fundamental equities reported net inflows of $300 million. Net outflows from INTECH, Janus' quantitative equity subsidiary, were $700 million.
Janus had $300 million in net outflows in the March 31 quarter and $200 million in net inflows in the year-over-year quarter.
CEO Richard Weil touted fundamental equity inflows in the earnings statement.
“We're encouraged that we continue to grow momentum and market share in the fundamental equity business, which posted $300 million of positive net flows during the quarter, which is an annualized growth rate of approximately 1%, compared to overall organic losses for the broader active management industry,” he said.
Revenue of $251.9 million in the latest quarter was up 1.4% from the previous quarter and down 7.4% from the quarter ended June 30, 2015.
Net income attributable to Janus Capital Group was $39 million in the quarter ended June 30, up 11.1% from the previous quarter but down 12.8% from the year-over-year quarter.
