Janus Capital Group's
revelation Monday of its plan to merge its two fund trusts this summer (see
03/16/09) was picked up by Daisy Maxey in
the Tuesday edition of the
Wall Street Journal Fund Track column
The planned merger on or about July 6 of the Janus Adviser Series fund trust into the Janus Investment fund trust is the Denver-based company's
response to investor migration
into advice-driven channels, executives said.
"Our distribution model has moved pretty strongly down the advisory path, the institutional and third-party path," Drew Elder
, senior vice president of
product strategy and development, told Maxey.
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