Janus Henderson AUM inches up despite outflows

Janus Henderson Group's assets under management reached $359.8 billion as of June 30, up 1% from March 31 and but down 2.8% from a year ago. The company attributed the quarterly uptick to positive markets partially offset by outflows.

In the company's earnings release issued Wednesday, the money manager recorded net outflows of $9.8 billion during the second quarter, compared to $7.4 billion in outflows in the first quarter and $2.7 billion in outflows the second quarter of 2018.

By asset class, equities AUM rose 4.2% for the quarter to $190.5 billion and slipped 0.3% over the year ended June 30.

Fixed-income AUM decreased 1.8% for the three months and dropped 7.9% for the 12 months ended March 31, to $72 billion.

Quantitative equity assets increased 0.2% for the quarter but fell 3.2% for the year to $48.4 billion.

Multiasset strategy AUM totaled $34.2 billion as of June 30, up 6.5% from March 31 and up 7.2% from June 30, 2018.

Alternatives fell 6.7% during the quarter and declined 31.1% over the year to $12.6 billion."Our investment performance and financial results in the second quarter and over longer periods are strong; however, the net flow result remains challenging," CEO Dick Weil said in the release. "Overall, we are seeing improving trends across many areas of our business, but the current concentration of outflows is masking much of this progress."

Net income was $109.4 million in the second quarter, compared to $94.1 million in the first quarter and $140.6 million in the second quarter of 2018.

Revenue was $535.9 million in the first quarter, up 3.2% from the previous quarter but down 9.5% from the second quarter of 2018.