Bill Gross' Janus fund reaps biggest inflow in more than a year

Bill Gross' Janus fund reaps biggest inflow in more than a year
Janus Global Unconstrained received about $144 million in May.
JUN 13, 2016
By  Bloomberg
Investors poured an estimated $144 million into the Janus Global Unconstrained Bond Fund in May, the most new money going to Bill Gross's mutual fund since December 2014. The fund, which Mr. Gross runs with assistance from portfolio manager Kumar Palghat, is up 3.3% this year, outperforming 76% of its peers, according to data compiled by Bloomberg. It has returned 2.3% since Mr. Gross took over in October 2014. Mr. Gross, 72, has been working to attract assets and reestablish his reputation for investing excellence at Janus Capital Group Inc. after a long career at Pacific Investment Management Co., the firm he co-founded in 1971 and built into a bond powerhouse before an acrimonious split. About half of his current mutual fund's $1.44 billion in assets came from Gross's personal $2 billion fortune. The May inflow of about $143.5 million was the third consecutive month of net deposits at the fund, Bloomberg's estimates show. It takes positions based on Mr. Gross's reading of macro-economic events by investing in assets including fixed-income securities and derivatives. Mr. Gross said in a June 2 outlook that the era of 7.5% annualized investment gains is history as global growth slows and central bank low-rate policies limit returns. “Those trends are coming to an end if only because in some cases they can go no further,” he wrote in the note. “A repeat performance is not only unlikely, it is impossible unless you are a friend of Elon Musk and you've got the gumption to blast off for Mars. Planet Earth does not offer such opportunities.” Estimates for the Janus fund's flows are based on the change in assets over the month that isn't accounted for by performance or reinvested dividends. The number may vary from actual figures and from estimates compiled by other data providers. Janus spokeswoman Erin Passan declined to comment on the fund's flows.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.