Janus Capital Group Inc. (“JCG”) (NYSE: JNS) today reported second quarter net income of $23.4 million, or $0.13 per diluted share, compared with first quarter 2012 net income of $22.6 million, or $0.12 per diluted share and net income of $41.9 million, or $0.23 per diluted share, in the second quarter 2011. First quarter 2012 included a charge of $0.03 per share from the early extinguishment of debt and a change in the long-term incentive compensation forfeiture estimate.
Flows and Assets Under Management
Average assets under management during the second quarter 2012 were $155.0 billion compared with $158.9 billion during the first quarter 2012 and $171.6 billion during the second quarter 2011.
At June 30, 2012, JCG’s total assets under management were $152.4 billion compared with $164.0 billion at March 31, 2012 and $169.8 billion at June 30, 2011.
The decrease in complex-wide assets during the second quarter 2012 primarily reflects net market depreciation of $7.6 billion and long-term net outflows of $3.9 billion. Mathematical equity and fundamental equity long-term net outflows totaled $2.5 billion and $2.5 billion, respectively, while fixed income long-term net inflows totaled $1.1 billion.
As of June 30, 2012, 47% of complex-wide mutual funds have a 4- or 5-star Overall Morningstar Rating
As of June 30, 2012, 40%, 18% and 72% of fundamental equity mutual fund assets ranked in the top half of their Lipper categories on a one-, three- and five-year total return basis, respectively.
Fixed income mutual funds continue to generate strong long-term relative investment performance with 100% of mutual fund assets ranked in the top half of their Lipper categories on a one-, three- and five-year total return basis as of June 30, 2012.
Mathematical equity relative investment performance has improved, with 35%, 79% and 75% of strategies surpassing their respective benchmarks, net of fees, over the one-, three- and five-year periods, respectively, as of June 30, 2012.