Best Mid Cap Companies To Own For 2015: Janus Capital Group Inc (JNS)
Janus Capital Group Inc., and its subsidiaries (JCG), incorporated on January 23, 1998, provide investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and sub advised relationships (collectively referred to as investment products) in both domestic and international markets. JCG provides investment management competencies across a range of disciplines, including fundamental the United States and global equities (growth and value), mathematical equities, fixed income and alternatives through its subsidiaries, Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). JCG's investment products are distributed through three primary channels: retail intermediary, institutional and international.
The institutional channel serves the United States corporations, endowments, foundations, Taft-Hartley funds and public fund clients and focuses on distribution direct to the plan sponsor and through consultants. As of December 31, 2012, assets in the institutional channel totaled 24% of total Company assets under management. The international channel primarily serves professional retail and institutional investors outside of the United States, including central and local government pension plans, corporate pension plans, multi-managers, insurance companies and private banks. International products are offered through separate accounts, sub advisory relationships and Janus Capital Funds Plc, a mutual fund trust. As of December 31, 2012, assets in the international channel totaled 11% of total Company assets under management. JCG operates international offices in London, Paris, Milan, Munich, Frankfurt, The Hague, Dubai, Zurich, Singapore, Hong Kong, Tokyo, Melbourne and Taipei. The retail intermediary ! channel serves financi al advisors, third-party intermediaries and retirement platf! orms in the United States. In addition, this channel serves existing individual investors who invest in JCG products through a mutual fund supermarket or directly with JCG. As of December 31, 2012, assets in the retail intermediary channel totaled 65% of total Company assets under management.
Janus
Janus manages primarily growth equity portfolios. As of December 31, 2012, Janus managed 63% of total Company assets under management. The Janus Overseas Fund is included in the assets managed by Janus and represented approximately 6% during the year ended December 31, 2012.
INTECH
INTECH has managed institutional portfolios. INTECH's investment process is based on a mathematical theorem that seeks to add value for clients by capitalizing on the volatility in stock price movements. As of December 31, 2012, INTECH managed 26% of total Company assets under management.
Perkins
Perkins has managed value-dis ciplined investment products. With its fundamental research and careful consideration for downside risk, Perkins has established itself as a value manager. Perkins offers value equity investment products across a range of the United States asset classes and global equity. As of December 31, 2012, Perkins managed 11% of total Company assets under management.
Advisors' Opinion:- [By Dan Caplinger]
Who wants in on the action?
All that said, plenty of mutual fund companies have seen the writing on the wall and are eager to come to market with active ETFs. Mutual fund giants Fidelity, Franklin Templeton (NYSE: BEN ) , Janus Capital (NYSE: JNS ) , and Legg Mason (NYSE: LM ) are just some of the companies looking to follow in PIMCO's footsteps with active ETFs. Each of these companies owes a huge portion of its profits to management fees on the billions in assets that it holds, and e! ach recog! nizes the need to defend its turf by reaching into the ETF space. For Legg Mason and Franklin Templeton, which already offer closed-end mutual funds that trade on exchanges, moving to ETFs is an even shorter step. - [By Ben Levisohn]
Morgan Stanley upgraded shares of Janus (JNS) today–but don’t think that means that they’re pounding the table on the asset manager now that Bill Gross has come over from Pimco. Analysts Thomas Whitehead and Elizabeth Elliott explain why they upgraded the stock to Equal Weight and not higher:
Bloomberg NewsWe believe the hire of Bill Gross is a landmark moment for Janus, strengthening the franchise and could potentially further shift investor sentiment towards the stock. Due to the sheer magnitude of assets under Grosss management while at PIMCO ($300-$500B), it will take just a small share coming over to Janus to make for compelling economics, in our view. We upgradeJanus to Equal-weight, with an $18 price target (+13% upside) and raise our 2015-16e EPS to $1.13 & $1.37 (from 88c & 97c) on an estd$30B Gross AuM (~10% of his PIMCO retail AuM, slightly less than Neil Woodfords 12% since he left Invesco (IVZ)).
With the recent addition of legendary fixed-income fund manager Bill Gross,Janus has potentially transformed its business overnight. We rate the shares Equal-weight, as we believe the hire pushesJanus closer towards achieving its long-term strategy of Intelligent Diversification. While the news creates plenty of potential opportunities forJanus instant credibility in the form of a retail brand and new institutional relationships, among others risks and uncertainty still loom (recent performance/flow issues at Grosss main PIMCO fund, nature of Grosss PIMCO exit, and pending interest rate increases). Commensurate with the additional opportunities/risks, we see a wide range in our bull/bear case outcomes for Janus.
Shares of Janus have dropped 7.1% to $14.77 at 2:37 p.m. today, while Invesco has! dropped ! 1.6% to $39.57.
- [By WWW.DAILYFINANCE.COM]
Tim Boyle/Bloomberg/Getty ImagesJanus Capital stock surge when the firm hired investing guru Bill Gross. In any given week, some stocks are sure to shoot up, and others will plummet. The big gainers inspire us to keep investing. The presence of the decliners keeps our greed in check while reminding us about the risks of the equity markets. Let's go over some of last week's best and worst performers. Janus Capital Group (JNS) -- Up 41 percent last week One of last week's biggest gainers was Janus, soaring on Friday after mutual fund manager Bill Gross announced that he would be leaving Pimco to join Janus. It's a big deal for Gross, who managed to grow Pimco's Total Return Fund to $222 billion in assets under management over the past 43 years. Landing Gross would be a great catch for any fund family, but it's particularly sweet for Janus since its strength in the past has been its stock funds. The arrival of Gross should find a lot of fixed income investors flocking to Janus. Green Dot (GDOT) -- Up 16 percent last week Prepaid debit card leader Green Dot got the green light from investors after teaming up with Walmart (WMT) for the retailer's new GoBank low-cost mobile checking platform. Teaming up with Green Dot's prepaid mastery gives it a way to start serving less-affluent customers without taking on gobs of risk. At the end of the day, the market likes Green Dot's potential as the world's largest retailer puts some marketing muscle behind the initiative. ReWalk Robotics (RWLK) -- Up 12 percent last week Giving the disabled hope has made ReWalk Robotics a winner since it went public a couple of weeks ago. It provides a robotic exoskeleton for folks with spinal cord injuries, allowing them to stand up and walk through powered hip and knee controls. It's not cheap, as you can probably imagine. The exoskeleton can reportedly run as high as $85,000. However, ReWalk got a boost last wee! k after a! major German insurance company became the first insurer to
- [By Garrett Cook]
Janus Capital Group (NYSE: JNS) shares shot up 34.47 percent to $14.94 following news that Bill Gross will be joining the company. PIMCO also confirmed the departure of Bill Gross.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-mid-cap-companies-to-own-for-2015-2.html
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