Investors Added Net $3 Million to Gross’s Janus Fund in August
- Fund returns have dropped more than 3% in the past month.
- Clients withdrew money in four of the past 11 months.
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Investors deposited an estimated $3 million last month in the Janus Global Unconstrained Bond Fund run by Bill Gross, as performance flagged during the global selloff.
The bond fund at Janus Capital Group Inc. now oversees about $1.42 billion in total assets, according to data compiled by Bloomberg. The fund has lost 3.5 percent in the past month, beating 3 percent of comparable funds, and this year has declined 1.9 percent, trailing just over half its peers. That compares with a decline of 0.65 percent for the average nontraditional bond fund in the past month, and a loss of 0.1 percent this year, according to Morningstar Inc. data.