Janus Henderson recorded its first quarterly net inflows in more than five years, adding $5.5 billion for the quarter ended March 31 as institutional clients allocated to the manager.
The net inflows followed 21 consecutive quarters of net outflows, a spokeswoman confirmed. The most recent net inflow was $700 million in the third quarter 2017.
For the previous quarter, ended Dec. 31, net outflows totaled $11 billion, and for the first quarter 2022, net outflows were $11.9 billion.
The latest quarterly net inflows, along with positive market performance and depreciation of the U.S. dollar vs. other currencies, lifted assets under management by 8.1% over the quarter to $310.5 billion. AUM was down by 13.9% compared with figures as of March 31, 2022, however.
The net inflows reflected allocations by "sophisticated institutional clients across several equity and fixed-income investment strategies and improved outflows in our intermediary and self-directed channels," an update said Wednesday. Institutional clients, which accounted for 23% of total AUM as of March 31 according to a presentation accompanying the update, contributed $6.9 billion to net inflows for the quarter.
Equities net inflows totaled $3.3 billion, while fixed-income net inflows were $3.6 billion for the quarter. Multiasset and alternatives strategies net outflows totaled $800 million and $600 million, respectively.
"We are energized by the progress the dedicated team at Janus Henderson has made and are cognizant that we still have much work to do to deliver consistent organic growth over the long term," Ali Dibadj, CEO, said in the update. "Our focus continues to be on controlling what we can control to provide desired outcomes for our clients, shareholders, employees, and other stakeholders."
