Assets under management at DWS and Janus Henderson grew over the year ended Dec. 31, with increases also over the fourth quarter of 2020.
DWS also attracted record net inflows in 2020, CEO Asoka Woehrman said in a news release.
Total AUM grew 3.4% to €793 billion ($974 billion), the firm said in an update Thursday. Assets also grew in the final three months of 2020 by 4.3%.
Net inflows for the year were €30.3 billion, vs. €26.1 billion for the full-year 2019. In the fourth quarter, net inflows totaled €13.6 billion, compared with €10.5 billion in the third quarter. Figures for the fourth quarter of 2019 were not immediately available.
Market impacts added €32 billion in fourth quarter, while foreign-exchange effects led to a €12 billion loss for the quarter. For the third quarter 2020, market impacts added €15 billion and foreign-exchange effects detracted €13 billion.
Net revenue fell 6.4% over the year to €2.2 billion, but net income grew by 9% to €558 million. Quarter-on-quarter, net revenue grew 8.4% to €605 million, while net income grew by 8.6% to €164 million.
Janus Henderson, meanwhile, saw total assets under management grow 7.2% for the year and 12.1% for the quarter, to $401.6 billion.
However, the firm suffered net outflows of $24.4 billion, down from the $27.4 billion in net outflows it recorded for the full-year 2019. Net outflows for the fourth quarter were $1.1 billion, an improvement on $2.9 billion in net outflows for the third quarter and $6.7 billion in net outflows for the fourth quarter of 2019, an update said Thursday.
Market movements and foreign-exchange effects added $55.4 billion to total assets in 2020, compared with a $73.7 billion positive effect in 2019. Quarterly figures were not provided.
Institutional assets under management fell by 3.4% to $127.6 billion for the year. Quarterly figures and net flows were not available.
Adjusted revenue at Janus Henderson increased 4.9% in 2020 to $1.8 billion, while adjusted net income grew 16.6% to $558 million. Quarter-on-quarter, adjusted revenue grew 17.5% and increased 14.1% vs. Dec. 31, 2019, figures to $529 million. Adjusted net revenue grew 45.8% over the fourth quarter of 2020 to $189 million, and by 52.5% vs. figures as of Dec. 31, 2019.
The update also said Dai-ihci Life Holdings has "made the strategic decision to focus capital on its global insurance business." Dai-ichi will sell its 17% stake in Janus Henderson and has given up its board seat.
The stake will be sold through a secondary offer, launched Thursday, a spokeswoman for Janus Henderson said. Based on the current share price, Dai-ichi's holding in the company is worth about $1 billion, she noted.
A Janus Henderson presentation accompanying the update said the two firms have entered into a new strategic cooperation agreement. Janus Henderson manages $10.4 billion in assets for Dai-ichi and its affiliates. The two firms will collaborate and look for future opportunities to further support the growth of the businesses.
Further, "the exchange of expertise, which has been a bedrock of the relationship over the last eight years, will be expanded to include a senior executive from Dai-ichi to help lead Janus Henderson's efforts in Japan," the presentation said. The spokeswoman was unable to confirm any further details.
