Friday, July 27, 2007

Janus shares rise on fund inflows after 6-year gap

(Reuters) - The gains came even as the S&P 500 and Dow Jones industrial average indices were down about 1 percent on worries about tightening credit markets. The S&P Asset Management and Custody Banks index was down 1.6 percent.




Janus reported on Thursday its core funds attracted $1.5 billion in long-term net inflows in the second-quarter, the first quarterly net inflows since 2001. It also posted a 57 percent jump in second-quarter profit, beating analysts' expectations.


Read more at Reuters.com Hot Stocks News

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