Janus Henderson defies outflows for AUM gain

Janus Henderson Group saw assets under management (AUM) increase to US$374.8 billion at the end of 2019, despite seeing a year of net outflows.

AUM was up by around $50 billion compared to the end of 2019 despite net outflows during each quarter of last year.

The AUM was higher based on market and foreign exchange moves – and also positive investment performance, according to the firm’s chief executive, Dick Weil.

“2019 for Janus Henderson was a year marked by large outflows but also excellent investment performance … Strong markets and our investment performance have more than offset outflows resulting in AUM being 14% higher than a year ago, which creates a good starting point for 2020,” he said.

Weil added there was growing momentum in the firm’s retail businesses around the world.

The business generated good cash flow, he said, which was returned to shareholders through dividends and a $200 million share buyback.

Weil said: “I am optimistic about the outlook for the firm. With the talent and leadership that we have added, and the strength of the existing team, I believe the firm is well positioned. I remain confident that our excellent investment performance, alongside our clear strategy and strong financial position, will drive positive outcomes for clients, shareholders and employees.”

© 2020 funds europe

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