Morningstar Rating

Stock Research and Analysis

by Greggory Warren, CFA

Bulls Say

With $189.7 billion in AUM at the end of March 2015, Janus is a medium-size asset manager with a product portfolio that remains heavily weighted toward equity assets.
Janus' fixed-income platform has generated solid long-term performance, with 68% and 82% of its funds outperforming their peers on a three- and five-year total return basis at the end of the first quarter of 2015.
Janus' fundamental equity operations are producing much better performance, with 73% and 68% of its funds outperforming peers on a one- and three-year basis at the end of the first quarter of 2015. Read more 

Bears Say

Janus is stuck in the middle of a bunch of other medium-size asset managers, lacking the distribution, visibility, and scale necessary, in our view, to compete effectively with its peers.
With $49 billion of Janus' AUM subjected to performance-based advisory fees and many of these assets struggling to generate outsized performance, it could take a few more years for the firm's performance fee income to normalize.
Near-term fixed income performance has fallen off a cliff, with just 2% of Janus' funds outperforming peers on a one-year basis at the end of the first quarter of 2015. Read more 

Management

Richard Weil has been CEO since February 2010. Glenn Schafer has been chairman of the board since April 2012, replacing Steve Scheid (who served as chairman from January 2004 until April 2012). Janus has had five CEOs since founder Tom Bailey retired   Read more 

Profile

Janus Capital Group provides investment management services to individual and institutional investors. Assets are managed through three main subsidiaries: Janus, which focuses   Read more 

3 Banking Takeaways From the Quarter 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.