Janus Henderson Group PLC
JHG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$69.00 | Hvg | Vnyjqcrf |
Moats for the US-Based Traditional Asset Managers Like Janus Henderson Continue to Diminish
Business Strategy and Outlook
A confluence of several issues—poor relative active investment performance, the growth and acceptance of low-cost index-based products, and the expanding power of the retail-advised channel—has made it increasingly difficult for the US-based traditional asset managers to generate organic AUM growth, leaving them more dependent on market gains to increase their assets under management.