The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Janus' Aspen Offshoot is Evergreen Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, November 24, 2000

Janus' Aspen Offshoot is Evergreen

Reported by Sean Hanna, Editor in Chief

Janus Funds is finding new ways to reach stockholders, both directly and indirectly. Between the success of its new intermediary-sold Advisor funds and the imminent launch of an upgraded Web site, Janus will get them coming and going.

On December 1, Janus will unveil its new Web site, updated with a sleeker look and simpler user interface. Most importantly, however, the company has joined the ranks of web-savvy funds which are taking advantage of new e-signature laws. Now, customers will be able to buy into funds with a click of the mouse.

"The reason we did this initiative was to offer more ways, better ways, more convenient ways, to do business," said Janus spokeswoman Shelley Peterson. "We want to offer our shareholders and clients better access to Janus."

Peterson explained that the push to offer on-line investing came from customers, but Janus does not diminish the stickiness offered by comprehensive web services.

In August, the company opened the flood gates with its eleven-fund Advisor series, which had been spun off of retirement shares from its institutional Aspen funds. Before the conversion, the retirement shares had $378 million in assets; today, the fund family manages $1.6 billion.

"There are people who want that intermediary access," said Peterson. "They didn't have that before at Janus."

With over 400 percent growth in less than three months, Janus has clearly found an avenue into an untapped market. The Advisor series has opened the door largely to bank trusts, which have needed access to non-tax-qualified accounts.

Janus is well aware of the need to find and keep customers now that the honeymoon of explosive growth is over.

"We now need to recognize that the kind of top-line growth we've seen at Janus over the last few years is likely to be gone forever," said marketing exec Stuart Novek in an internal memo leaked earlier this month to the Wall Street Journal.

As the stock market lags, even big performers have to tailor products and start emphasizing customer service, to maintain a market presence. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom, December 7
  2. 2022 MMI Leadership Pathway Seminar, December 7
  3. 2022 Samfund Annual Celebration, December 7
  4. IMEA In Session - Cyber Security Trends, December 8
  5. U.S. Securities and Exchange Commission Investor Advisory Committee meeting, December 8
  6. MFDF webinar - Investment Valuation and Governance: Deloitte's 20th Annual Fair Valuation Pricing Survey, December 8
  7. Women in ETFs Philadelphia - Holiday Happy Hour With Project Home, December 8
  8. MMI webinar - Defining & Stimulating the Client Experience, December 9
  9. US SIF media webinar: US Sustainable Investing Trends 2022, December 12
  10. Vett Fi Advisor Perspectives Investment Insights Summit 2022, December 13
  11. IDC webinar - Spotlight on the SEC's Swing Pricing and Hard Close Proposals, December 14
  12. 2022 MMI Webinar Sponsored by the MMI Blockchain Finance Forum: Digital Asset Classification, December 14
  13. WE Boston: Annual Give Back Event 2022, December 14
  14. MFDF In Focus: Closed-End Fund Activism, December 14
  15. Crane Data's Money Fund University, Dec 15-16
  16. Crane Data's Holiday Cocktail Party, December 15
  17. MFDF webinar - Impact of 2022 Mid-Term Elections on the Financial Industry, January 10, 2023
  18. IDC's Foundations for Fund Directors, January 11 - 12, 2023
  19. MFDF 2023 Directors' Institute, January 23 - 25, 2023
  20. Exchange: an ETF Experience, February 5 - 8, 2023
  21. 8th Annual Expect Miracles in Manhattan, February 16, 2023
  22. MFDF webinar - Fund Industry Claims Trends: An Insurer's Perspective, March 1, 2023
  23. MFDF 2023 Fund Governance & Regulatory Insights Conference, March 9 - 10, 2023
  24. Crane Data's Bond Fund Symposium, March 23 - 24, 2023
  25. 2023 MMI Summit, March 29 - 30, 2023
  26. 34th Sub-Advised Funds Forum, April 3 - 4, 2023

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use