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Janus' Bill Gross Fund Draws First Inflows since April

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Janus Capital Group, Inc. 's JNS fund - The Janus Global Unconstrained Bond Fund (JUCIX) - managed by the 'Bond King' Bill Gross witnessed $4.5 million of inflows in August, for the first time since April. The news was reported by Reuters citing Morningstar data.

As of Aug 31, 2015, total assets in the fund stood at $1.42 billion, down from $1.47 billion at the end of July.

Gross, who joined Janus Capital in September 2014 after departing from Pacific Investment Management Company, is striving hard to lift the performance of the Janus fund. Though Gross won $500 million investment by Soros Fund Management LLC, led by famous investor George Soros and Gross himself has invested $700 million, the fund fails to exhibit a healthy position. Till July, the Janus fund witnessed three consecutive months of outflows.

Return has been weak too for the Janus fund, as year-to-date loss is nearly 2% and 1-year loss stands at 3%. Notably, the fund is behind 87% of its peer funds.

Nevertheless, the Denver-based firm has exhibited efforts in boosting its business. In July, enhancing its fixed income assets, Janus Capital acquired 51% stake in Australia based Kapstream Capital Pty Limited - a global unconstrained fixed income asset manager.

Also, Janus Capital stated that as part of the deal, Kumar Palghat who co-founded Kapstream Capital will join Janus Capital as co-portfolio manager, supporting Bill Gross who remains the chief portfolio manager of the Janus Global Unconstrained Bond strategy.

Janus Capital currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the finance space include America First Multifamily Investors, L.P. ATAX , Lazard Ltd. LAZ and Monroe Capital Corporation MRCC . All three stocks sport a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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