Janus Capital Group Inc. has reported a small increase in assets under management during December.
Its managed assets rose 1.2%, to $139 billion, the company said on Monday. Average assets under management last month were about $137.5 billion, compared with November's average of $136.3 billion. Excluding money market funds, assets averaged $126.3 billion in December.
Long-term net outflows were $1.6 billion in December. The outflows included $1.8 billion of redemptions by ING that were announced last July. Janus said it expects the remaining $2.7 billion of ING's assets to be redeemed this March.
For a third consecutive month, gross sales of Janus' long-term products improved, outpacing November's gross sales by more than 35%.
Janus' relative mutual fund performance remained strong in December. At Dec. 31, more than 60% of the portfolios in the company's primary fund family, Janus Investment Fund, were in the top half of their Lipper categories on a one-year, total-return basis. In addition, about 68% of the portfolios were in the top half of their Lipper categories on a three-year, total-return basis.
