MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, August 16, 2012 Janus Will Be Saved by Fixed-Income Funds It was Janus Capital Group's [profile] fixed-income funds that drew Dai-ichi Life Insurance, the second largest life insurance company in Japan, to Janus, reports Jason Kephart from Investment News. Dai-ichi Life Insurance will invest $2 billion into Janus funds and help distribute Janus funds in Asia. News of the acquisition made Janus stock soar, its biggest one-day gain in more than two years, according to the report. Stock was trading at $8.43 on Friday until midday on Wednesday. The story also references a Bloomberg story from last week in which Richard Weil, is quoted as saying that a "significant portion" of the $2 billion will be allotted to fixed-income strategies. Assets of fixed-income strategies comprise 16 percent of Janus' total assets, or $23 billion. Spokeswoman Jane Ingalls said the deal between the Denver, Colorado-based firm and the Japanese insurer will boost Janus' fixed-income lineup, which currently boasts four funds. Printed from: MFWire.com/story.asp?s=40956 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |