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Rating:Janus' Interim Boss: We Will Win Alongside ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 14, 2009

Janus' Interim Boss: We Will Win Alongside ETFs

Reported by Armie Margaret Lee

An hour after his appointment as Janus' interim CEO became public, Tim Armour told analysts at a conference call late Tuesday afternoon that Janus will be a winner in the coming environment, along with ETFs and index funds.

"The new normal is an era of higher savings rates, lower overall returns from investments and probably lower growth for businesses," Armour said.

"Investors looking to rebuild portfolios will look to Janus, with its well-above par performance and reasonable expense ratios," Armour said. "We're going to be a winner in the coming environment alongside low-cost ETFs and index funds."

Noting the trillions of dollars in money market funds, Armour said Janus is well-positioned to take some of those assets.

"They are $3 trillion to $4 trillion parked in money market funds, they won't stay there forever," he said. 

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