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Rating:Janus Stock Bucks Market Decline Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, July 30, 2007

Janus Stock Bucks Market Decline

by: Erin Kello

Janus Capital saw its shares rise on Friday, while its rival asset management firms and the broader market experienced a decline, according to Reuters. Denver-based Janus' stock closed at $29.67, up 2.7 percent. The rise came amid a one-percent decline in the S&P 500 and Dow Jones Industrial average indices. The S&P Asset Management and Custody Banks index, meanwhile, went down by 1.6 percent. The gain in Janus' stock may be a result of the firm's announcement on Thursday that its funds attracted $1.5 billion in net inflows in the second quartr. Janus beat Wall Streeters expectations by posting a 57 percent profit for Q2.  

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