JANUS ANNOUNCES JULY ASSETS UNDER MANAGEMENT
DENVER – For the month ended July 31, 2004, Janus Capital Group Inc. (NYSE: JNS) reported
total assets under management of approximately $129.0 billion, which is down 4.7% from the
prior month’s assets of $135.4 billion. Firmwide average assets under management during July
were approximately $131.4 billion compared with June’s average assets of $135.2 billion, a
decrease of 2.8%. Long-term (non-money market) average assets in July were $119.8 billion.
Approximately 87% of the decline in July assets was related to market depreciation. Long-term
net outflows in July were $1.1 billion, while total net outflows were $0.8 billion.
Janus continued to post strong relative fund performance as of July 31. Over 65% of Janus retail
funds were in the top half of their Lipper categories on a 1-year basis and approximately 55%
were in the top half of their Lipper categories on a 3-year basis based on total returns. The
percent of retail funds ranked in the top Lipper quartile remained consistent at 57% on a 1-year
basis and improved to 41% (from 27%) on a 3-year basis relative to last month. The
improvement in the 3-year performance was led by the seven Janus domestic retail growth funds
(see Exhibit 2), 57% of which were rated in the top Lipper quartile versus 29% at the end of
“Despite the weak equity market environment, long-term net flows--excluding INTECH--were
essentially unchanged from June,” said Chairman and CEO Steve Scheid. “Moreover, total net
outflows were the lowest they’ve been since August of last year.”
The attached Exhibit 1 shows assets and flows by investment discipline for May, June, and July.
Exhibit 2 provides detailed Lipper rankings for Janus retail funds (Janus Investment Funds).
August 9, 2004
Steve Belgrad, 303-394-7706
Shelley Peterson, 303-316-5625
About Janus Capital Group Inc.