- Solid long-term investment performance, with 54%, 58%, 76% and
84% of assets under management (‘AUM’) outperforming relevant
benchmarks on a one-, three-, five- and 10-year basis,
respectively, as at 31 December 2021
- Fourth quarter 2021 operating income was US$157.6 million;
fourth quarter 2021 adjusted operating income of US$239.7 million
increased 3% compared to the same period a year ago
- Record AUM of US$432.3 billion increased 3% compared to the
prior quarter, due to market performance partially offset by net
outflows of US$(5.2) billion which were concentrated in
Quantitative Equities
- Completed US$66.9 million of share buybacks during the fourth
quarter and the Board declared quarterly dividend of US$0.38 per
share
- Announces strategic decision to sell its Quantitative Equities
subsidiary Intech Investment Management to a consortium of Intech
management and certain non-executive directors
Janus Henderson Group plc (NYSE/ASX: JHG; ‘Janus Henderson’,
‘JHG’, ‘the Group’) published its fourth quarter 2021 results for
the period ended 31 December 2021.
Fourth quarter 2021 operating income was US$157.6 million
compared to US$248.3 million in the third quarter 2021 and US$227.0
million in the fourth quarter 2020. Adjusted operating income,
adjusted for one-time, acquisition and transaction related costs,
was US$239.7 million in the fourth quarter 2021 compared to
US$253.0 million in the third quarter 2021 and US$231.7 million in
the fourth quarter 2020.
Fourth quarter 2021 diluted earnings per share of US$0.78
compared to US$1.14 in the third quarter 2021 and US$1.02 in the
fourth quarter 2020. Adjusted diluted earnings per share of US$1.05
in the fourth quarter 2021 declined 9% compared to US$1.16 in the
third quarter 2021 and increased 1% compared to US$1.04 in the
fourth quarter 2020.
Management-Led Buyout of Quantitative Equities Subsidiary
Intech
Janus Henderson today announced that it has made the strategic
decision to sell its 97%-owned Quantitative Equities subsidiary,
Intech Investment Management LLC (‘Intech’), to a consortium
comprised of Intech management and certain non-executive directors
(‘Management Buyout’). The Management Buyout is expected to enable
both organisations to refocus on their key value propositions:
Janus Henderson on providing active, fundamental investing; and
Intech on delivering quantitative investment solutions for
institutional investors. As part of this decision, JHG and Intech
will enter into a transition services agreement that provides for
continuation of support services to help ensure a seamless
transition in operations and continuity in serving Intech’s
clients. The transaction is expected to close in the first half of
2022.
With a focus on company strategy and execution, Jose Marques,
PhD, former Head of Trading at Bridgewater Associates and current
Chief Executive Officer at Entrypoint Capital, will join Intech as
Chief Executive Officer. Adrian Banner, PhD, will continue to lead
Intech’s investment teams and quantitative research initiatives as
Chief Investment Officer. In addition to his current role as Chief
Investment Strategist of Janus Henderson, Myron Scholes, PhD, will
join the Intech Board in an advisory capacity.
Dick Weil, Chief Executive Officer of Janus Henderson Group
plc, stated:
“2021 was a year of significant progress towards our strategy of
Simple Excellence. We launched new products in focus areas of
growth including active ETFs, ESG and Fixed Income. We strengthened
our leadership with key hires. We improved our platform through
significant technology and data upgrades, and the strategic
decision to sell Intech further simplifies our operating model. We
are pleased to have reached an agreement with Intech that benefits
both firms, providing Janus Henderson with increased operating
efficiency and focus on fundamental, active investment, while
fulfilling Intech’s desire to operate independently in the delivery
of quantitative investment solutions.
“Our dedicated focus on our clients produced good momentum in
our business. Flows into Fixed Income and Multi-Asset capabilities
were robust and we saw good client demand in our Intermediary
channel, particularly in the EMEA & LatAm and Asia Pacific
regions, which had net inflows for the year. Investment performance
remained solid, and combined with favourable markets, increased AUM
to a record US$432.3 billion at year end. Our financial results
were strong. We continued to generate significant cash flow and
increased capital returns to shareholders through both dividends
and share buybacks. As we enter 2022, we believe that the
significant progress towards our strategic objectives and the
momentum in our business positions Janus Henderson well on the path
to sustained growth.”
SUMMARY OF FINANCIAL RESULTS
(unaudited) (in US$ millions, except per share data or as
noted)
The Group presents its financial results in US$ and in
accordance with accounting principles generally accepted in the
United States of America (‘US GAAP’ or ‘GAAP’). However, JHG
management evaluates the profitability of the Group and its ongoing
operations using additional non-GAAP financial measures. Management
uses these performance measures to evaluate the business, and
adjusted values are consistent with internal management reporting.
See ‘Reconciliation of non-GAAP financial information’ below for
additional information.
Three months ended
Year ended
31 Dec
30 Sep
31 Dec
31 Dec
31 Dec
2021
2021
2020
2021
2020
GAAP
basis:
Revenue
697.2
687.4
657.2
2,767.0
2,298.6
Operating expenses
539.6
439.1
430.2
1,943.6
2,140.8
Operating income
157.6
248.3
227.0
823.4
157.8
Operating margin
22.6
%
36.1
%
34.5
%
29.8
%
6.9
%
Net income attributable to JHG
132.5
196.8
186.8
622.1
161.6
Diluted earnings per share
0.78
1.14
1.02
3.59
0.87
Adjusted
basis:
Revenue
549.9
545.3
528.5
2,215.4
1,834.2
Operating expenses
310.2
292.3
296.8
1,251.9
1,137.5
Operating income
239.7
253.0
231.7
963.5
696.7
Operating margin
43.6
%
46.4
%
43.8
%
43.5
%
38.0
%
Net income attributable to JHG
180.1
199.5
189.0
741.6
557.9
Diluted earnings per share
1.05
1.16
1.04
4.28
3.01
DIVIDEND AND SHARE
BUYBACK
On 2 February 2022, the Board declared a fourth quarter dividend
in respect of the three months ended 31 December 2021 of US$0.38
per share. Shareholders on the register on the record date of 14
February 2022 will be paid the dividend on 28 February 2022. Janus
Henderson does not offer a dividend reinvestment plan.
As part of the US$200 million on-market buyback programme
approved by the Board in July 2021, JHG purchased approximately 1.5
million of its ordinary shares on the NYSE and its CHESS Depositary
Interests (CDIs) on the ASX in the fourth quarter, for a total
outlay of US$66.9 million.
Net tangible assets per
share
US$
31 Dec 2021
31 Dec 2020
Net tangible assets / (liabilities) per
ordinary share
4.41
3.68
Net tangible assets are defined by the ASX as being total assets
less intangible assets less total liabilities ranking ahead of, or
equally with, claims of ordinary shares.
AUM AND FLOWS (in US$ billions)
FX reflects movement in AUM resulting from changes in foreign
currency rates as non-US$ denominated AUM is translated into US$.
Redemptions include impact of client switches.
Total Group comparative AUM and
flows
Three months ended
31 Dec
30 Sep
31 Dec
2021
2021
2020
Opening AUM
419.3
427.6
358.3
Sales
19.3
16.0
23.2
Redemptions
(24.5
)
(21.2
)
(24.3
)
Net sales / (redemptions)
(5.2
)
(5.2
)
(1.1
)
Market / FX
18.2
(3.1
)
44.4
Closing AUM
432.3
419.3
401.6
Quarterly AUM and flows by
capability
Equities
Fixed Income
Multi-Asset
Quantitative Equities
Alternatives
Total
AUM 31 Dec 2020
219.4
81.5
48.0
42.0
10.7
401.6
Sales
10.5
5.9
3.0
0.2
1.1
20.7
Redemptions
(12.0
)
(5.5
)
(2.2
)
(2.3
)
(2.0
)
(24.0
)
Net sales / (redemptions)
(1.5
)
0.4
0.8
(2.1
)
(0.9
)
(3.3
)
Market / FX
7.0
(2.4
)
0.7
1.4
0.1
6.8
AUM 31 Mar 2021
224.9
79.5
49.5
41.3
9.9
405.1
Sales
8.6
5.9
2.4
0.2
1.3
18.4
Redemptions
(10.5
)
(6.0
)
(1.9
)
(1.5
)
(1.0
)
(20.9
)
Net sales / (redemptions)
(1.9
)
(0.1
)
0.5
(1.3
)
0.3
(2.5
)
Market / FX
17.1
1.1
3.2
3.4
0.2
25.0
AUM 30 Jun 2021
240.1
80.5
53.2
43.4
10.4
427.6
Sales
7.5
4.7
2.6
0.1
1.1
16.0
Redemptions
(10.1
)
(4.0
)
(1.8
)
(4.5
)
(0.8
)
(21.2
)
Net sales / (redemptions)
(2.6
)
0.7
0.8
(4.4
)
0.3
(5.2
)
Market / FX
(1.3
)
(1.7
)
(0.1
)
0.1
(0.1
)
(3.1
)
AUM 30 Sep 2021
236.2
79.5
53.9
39.1
10.6
419.3
Sales
8.1
5.6
4.3
0.1
1.2
19.3
Redemptions
(11.3
)
(5.5
)
(2.2
)
(4.3
)
(1.2
)
(24.5
)
Net sales / (redemptions)
(3.2
)
0.1
2.1
(4.2
)
—
(5.2
)
Market / FX
11.3
—
3.7
3.1
0.1
18.2
AUM 31 Dec 2021
244.3
79.6
59.7
38.0
10.7
432.3
Average AUM
Three months ended
31 Dec
30 Sep
31 Dec
2021
2021
2020
Equities
243.0
243.5
204.1
Fixed Income
79.8
80.9
78.1
Multi-Asset
57.3
54.9
45.6
Quantitative Equities
38.7
41.9
40.8
Alternatives
10.6
10.7
10.4
Total
429.4
431.9
379.0
INVESTMENT PERFORMANCE
% of AUM outperforming benchmark
(at 31 December 2021)
Capability
1-year
3-year
5-year
10-year
Equities
39
%
37
%
68
%
81
%
Fixed Income
91
%
96
%
96
%
98
%
Multi-Asset
99
%
96
%
96
%
97
%
Quantitative Equities
8
%
58
%
53
%
21
%
Alternatives
91
%
100
%
100
%
100
%
Total
54
%
58
%
76
%
84
%
Outperformance is measured based on composite performance gross
of fees vs primary benchmark, except where a strategy has no
benchmark index or corresponding composite in which case the most
relevant metric is used: (1) composite gross of fees vs zero for
absolute return strategies, (2) fund net of fees vs primary index
or (3) fund net of fees vs Morningstar peer group average or
median. Non-discretionary and separately managed account assets are
included with a corresponding composite where applicable.
Cash management vehicles, ETF-enhanced beta strategies, Managed
CDOs, Private Equity funds and custom non-discretionary accounts
with no corresponding composite are excluded from the analysis.
Excluded assets represent 5% of AUM as at 31 December 2021.
Capabilities defined by Janus Henderson.
% of mutual fund AUM in top 2
Morningstar quartiles (at 31 December 2021)
Capability
1-year
3-year
5-year
10-year
Equities
54
%
51
%
52
%
86
%
Fixed Income
64
%
81
%
75
%
70
%
Multi-Asset
95
%
93
%
93
%
94
%
Quantitative Equities
0
%
11
%
13
%
0
%
Alternatives
50
%
34
%
100
%
100
%
Total
62
%
61
%
64
%
86
%
Includes Janus Investment Fund, Janus Aspen Series and Clayton
Street Trust (US Trusts), Janus Henderson Capital Funds (Dublin
based), Dublin and UK OEIC and Investment Trusts, Luxembourg SICAVs
and Australian Managed Investment Schemes. The top two Morningstar
quartiles represent funds in the top half of their category based
on total return. For the 1-, 3-, 5- and 10-year periods ending 31
December 2021, 43%, 57%, 55% and 64% of the 193, 184, 179 and 151
total mutual funds, respectively, were in the top 2 Morningstar
quartiles.
Analysis based on ‘primary’ share class (Class I Shares,
Institutional Shares or share class with longest history for US
Trusts; Class A Shares or share class with longest history for
Dublin based; primary share class as defined by Morningstar for
other funds). Performance may vary by share class. Rankings may be
based, in part, on the performance of a predecessor fund or share
class and are calculated by Morningstar using a methodology that
differs from that used by Janus Henderson. Methodology differences
may have a material effect on the return and therefore the ranking.
When an expense waiver is in effect, it may have a material effect
on the total return, and therefore the ranking for the period.
ETFs and funds not ranked by Morningstar are excluded from the
analysis. Capabilities defined by Janus Henderson. © 2021
Morningstar, Inc. All Rights Reserved.
FIRST QUARTER 2022
RESULTS
Janus Henderson intends to publish its first quarter 2022
results on 4 May 2022.
FOURTH QUARTER AND FULL-YEAR 2021
RESULTS BRIEFING INFORMATION
Chief Executive Officer Dick Weil and Chief Financial Officer
Roger Thompson will present these results on 3 February 2022 on a
conference call and webcast to be held at 8am EST, 1pm GMT, 12am
AEDT (4 February).
Those wishing to participate should call:
United Kingdom
0808 189 6484 (toll free)
United States
844 200 6205 (toll free)
Australia
02 7908 3093 (this is not toll free)
All other countries
+1 929 526 1599 (this is not toll
free)
Conference ID
982643
Access to the webcast and accompanying slides will be available
via the investor relations section of Janus Henderson’s website
(ir.janushenderson.com).
About Janus Henderson
Janus Henderson Group is a leading global active asset manager
dedicated to helping investors achieve long-term financial goals
through a broad range of investment solutions, including equities,
fixed income, quantitative equities, multi-asset and alternative
asset class strategies.
At 31 December 2021, Janus Henderson had approximately US$432
billion in assets under management, more than 2,000 employees, and
offices in 25 cities worldwide. Headquartered in London, the
company is listed on the New York Stock Exchange (NYSE) and the
Australian Securities Exchange (ASX).
FINANCIAL DISCLOSURES
Condensed consolidated statements
of comprehensive income (unaudited)
Three months ended
Year ended
(in US$ millions, except per share data
or as noted)
31 Dec 2021
30 Sep 2021
31 Dec 2020
31 Dec 2021
31 Dec 2020
Revenue:
Management fees
565.9
564.5
489.1
2,189.4
1,794.1
Performance fees
7.7
0.6
59.3
102.7
98.1
Shareowner servicing fees
68.3
67.6
57.9
260.7
209.2
Other revenue
55.3
54.7
50.9
214.2
197.2
Total revenue
697.2
687.4
657.2
2,767.0
2,298.6
Operating expenses:
Employee compensation and benefits
160.1
166.2
162.3
693.3
618.6
Long-term incentive plans
42.7
35.0
44.7
181.0
170.1
Distribution expenses
147.3
142.1
128.7
551.6
464.4
Investment administration
12.9
13.0
12.6
51.6
50.0
Marketing
11.3
7.5
3.9
31.7
19.6
General, administrative and occupancy
77.6
65.5
66.4
271.8
255.2
Impairment of goodwill and intangible
assets
77.5
—
—
121.9
513.7
Depreciation and amortisation
10.2
9.8
11.6
40.7
49.2
Total operating expenses
539.6
439.1
430.2
1,943.6
2,140.8
Operating income
157.6
248.3
227.0
823.4
157.8
Interest expense
(3.2
)
(3.2
)
(3.2
)
(12.8
)
(12.9
)
Investment gains (losses), net
(7.3
)
4.7
32.2
0.8
57.5
Other non-operating income (expense),
net
8.0
3.6
(0.2
)
8.8
39.7
Income before taxes
155.1
253.4
255.8
820.2
242.1
Income tax provision
(29.6
)
(53.3
)
(57.4
)
(205.7
)
(59.5
)
Net income
125.5
200.1
198.4
614.5
182.6
Net loss (income) attributable to
noncontrolling interests
7.0
(3.3
)
(11.6
)
7.6
(21.0
)
Net income attributable to JHG
132.5
196.8
186.8
622.1
161.6
Less: allocation of earnings to
participating stock-based awards
(3.6
)
(5.4
)
(5.5
)
(17.7
)
(4.7
)
Net income attributable to JHG common
shareholders
128.9
191.4
181.3
604.4
156.9
Basic weighted-average shares outstanding
(in millions)
165.6
167.1
176.5
167.9
179.4
Diluted weighted-average shares
outstanding (in millions)
166.2
167.8
177.0
168.5
179.9
Diluted earnings per share (in
US$)
0.78
1.14
1.02
3.59
0.87
Reconciliation of non-GAAP financial information
In addition to financial results reported in accordance with
GAAP, we compute certain financial measures using non-GAAP
components, as defined by the SEC. These measures are not in
accordance with, or a substitute for, GAAP, and our financial
measures may be different from non-GAAP financial measures used by
other companies. We have provided a reconciliation of our non-GAAP
components to the most directly comparable GAAP components. The
following are reconciliations of US GAAP revenue, operating
expenses, operating income, net income attributable to JHG and
diluted earnings per share to adjusted revenue, adjusted operating
expenses, adjusted operating income, adjusted net income
attributable to JHG and adjusted diluted earnings per share.
Three months ended
Year ended
(in US$ millions, except per share data
or as noted)
31 Dec 2021
30 Sep 2021
31 Dec 2020
31 Dec 2021
31 Dec 2020
Reconciliation of revenue to adjusted
revenue
Revenue
697.2
687.4
657.2
2,767.0
2,298.6
Management fees1
(56.5
)
(53.0
)
(51.6
)
(205.9
)
(183.8
)
Shareowner servicing fees1
(56.2
)
(55.4
)
(47.4
)
(214.7
)
(170.3
)
Other revenue1
(34.6
)
(33.7
)
(29.7
)
(131.0
)
(110.3
)
Adjusted revenue
549.9
545.3
528.5
2,215.4
1,834.2
Reconciliation of operating expenses to
adjusted operating expenses
Operating expenses
539.6
439.1
430.2
1,943.6
2,140.8
Employee compensation and benefits2
—
—
(0.1
)
—
(2.3
)
Long-term incentive plans2
0.1
0.1
0.1
0.4
0.5
Distribution expenses1
(147.3
)
(142.1
)
(128.7
)
(551.6
)
(464.4
)
General, administration and occupancy2
(2.6
)
(2.9
)
(2.8
)
(10.8
)
(11.0
)
Impairment of goodwill and intangible
assets3
(77.5
)
—
—
(121.9
)
(513.7
)
Depreciation and amortisation3
(2.1
)
(1.9
)
(1.9
)
(7.8
)
(12.4
)
Adjusted operating expenses
310.2
292.3
296.8
1,251.9
1,137.5
Adjusted operating income
239.7
253.0
231.7
963.5
696.7
Operating margin
22.6
%
36.1
%
34.5
%
29.8
%
6.9
%
Adjusted operating margin
43.6
%
46.4
%
43.8
%
43.5
%
38.0
%
Reconciliation of net income
attributable to JHG to adjusted net income attributable to
JHG
Net income attributable to JHG
132.5
196.8
186.8
622.1
161.6
Employee compensation and benefits2
—
—
0.1
—
2.3
Long-term incentive plans2
(0.1
)
(0.1
)
(0.1
)
(0.4
)
(0.5
)
General, administration and occupancy2
2.6
2.9
2.8
10.8
11.0
Impairment of goodwill and intangible
assets3
77.5
—
—
121.9
513.7
Depreciation and amortisation3
2.1
1.9
1.9
7.8
12.4
Interest expense4
—
—
—
—
0.1
Investment gains (losses), net4
—
—
(1.4
)
0.2
(1.4
)
Other non-operating income (expense),
net4
(9.1
)
(1.6
)
(1.7
)
(14.2
)
(28.7
)
Income tax benefit (provision)5
(25.4
)
(0.4
)
0.6
(6.6
)
(112.6
)
Adjusted net income attributable to
JHG
180.1
199.5
189.0
741.6
557.9
Less: allocation of earnings to
participating stock-based awards
(5.0
)
(5.5
)
(5.5
)
(21.1
)
(16.4
)
Adjusted net income attributable to JHG
common shareholders
175.1
194.0
183.5
720.5
541.5
Weighted-average diluted common shares
outstanding – diluted (two class) (in millions)
166.2
167.8
177.0
168.5
179.9
Diluted earnings per share (two class)
(in US$)
0.78
1.14
1.02
3.59
0.87
Adjusted diluted earnings per share
(two class) (in US$)
1.05
1.16
1.04
4.28
3.01
____________________
1
JHG contracts with third-party
intermediaries to distribute and service certain of its investment
products. Fees for distribution and servicing related activities
are either provided for separately in an investment product’s
prospectus or are part of the management fee. Under both
arrangements, the fees are collected by JHG and passed through to
third-party intermediaries who are responsible for performing the
applicable services. The majority of distribution and servicing
fees collected by JHG are passed through to third-party
intermediaries. JHG management believes that the deduction of
distribution and service fees from revenue in the computation of
adjusted revenue reflects the pass-through nature of these
revenues. In certain arrangements, JHG performs the distribution
and servicing activities and retains the applicable fees. Revenues
for distribution and servicing activities performed by JHG are not
deducted from GAAP revenue.
2
Adjustments primarily represent rent
expense for subleased office space. In addition, the adjustments
for the three months ended 30 September 2021 and the year ended 31
December 2021 include a one-time charge related to the employee
benefits trust. JHG management believes these costs are not
representative of the ongoing operations of the Group.
3
Investment management contracts have been
identified as a separately identifiable intangible asset arising on
the acquisition of subsidiaries and businesses. Such contracts are
recognised at the net present value of the expected future cash
flows arising from the contracts at the date of acquisition. For
segregated mandate contracts, the intangible asset is amortised on
a straight-line basis over the expected life of the contracts.
Adjustments also include impairment charges of our goodwill and
certain mutual fund investment management agreements, client
relationships and trademarks. JHG management believes these
non-cash and acquisition-related costs are not representative of
the ongoing operations of the Group.
4
Adjustments primarily represent contingent
consideration adjustments associated with prior acquisitions. JHG
management believes these costs are not representative of the
ongoing operations of the Group.
5
The tax impact of the adjustments is
calculated based on the applicable US or foreign statutory tax rate
as it relates to each adjustment. Certain adjustments are either
not taxable or not tax-deductible.
Condensed consolidated balance
sheets (unaudited)
31 Dec
31 Dec
(in US$ millions)
2021
2020
Assets:
Cash and cash equivalents
1,107.3
1,099.7
Investment securities
451.4
268.1
Property, equipment and software, net
63.3
77.9
Intangible assets and goodwill, net
3,917.0
4,070.2
Assets of consolidated variable interest
entities
264.3
226.5
Other assets
932.4
948.4
Total assets
6,735.7
6,690.8
Liabilities, redeemable noncontrolling
interests and equity:
Long-term debt
310.4
313.3
Deferred tax liabilities, net
619.2
627.4
Liabilities of consolidated variable
interest entities
2.6
3.2
Other liabilities
976.9
927.3
Redeemable noncontrolling interests
163.4
85.8
Total equity
4,663.2
4,733.8
Total liabilities, redeemable
noncontrolling interests and equity
6,735.7
6,690.8
Condensed consolidated statements
of cash flows (unaudited)
Three months ended
31 Dec
30 Sep
31 Dec
(in US$ millions)
2021
2021
2020
Cash provided by (used for):
Operating activities
281.2
319.4
220.2
Investing activities
(17.5
)
(222.9
)
119.4
Financing activities
(90.7
)
(112.9
)
(191.2
)
Effect of exchange rate changes
1.0
(16.3
)
33.2
Net change during period
174.0
(32.7
)
181.6
STATUTORY DISCLOSURES
Associates and joint
ventures
At 31 December 2021, the Group holds interests in the following
associates and joint ventures managed through shareholder
agreements with third party investors, accounted for under the
equity method:
- LongTail Alpha LLC ownership 20%
Basis of preparation
In the opinion of management of Janus Henderson Group plc, the
condensed consolidated financial statements contain all normal
recurring adjustments necessary to fairly present the financial
position, results of operations and cash flows of JHG in accordance
with US GAAP. Such financial statements have been prepared in
accordance with the instructions to Form 10‑Q pursuant to the rules
and regulations of the SEC. Certain information and footnote
disclosures normally included in financial statements prepared in
accordance with GAAP have been condensed or omitted pursuant to
such rules and regulations. The financial statements should be read
in conjunction with the annual consolidated financial statements
and notes presented in Janus Henderson Group’s Annual Report on
Form 10‑K for the year ended 31 December 2020, on file with the SEC
(Commission file no. 001‑38103). Events subsequent to the balance
sheet date have been evaluated for inclusion in the financial
statements through the issuance date and are included in the notes
to the condensed consolidated financial statements.
Corporate governance principles
and recommendations
In the opinion of the Directors, the financial records of the
Group have been properly maintained, and the Condensed Consolidated
Financial Statements comply with the appropriate accounting
standards and give a true and fair view of the financial position
and performance of the Group. This opinion has been formed on the
basis of a sound system of risk management and internal control
which is operating effectively.
FORWARD-LOOKING STATEMENTS
DISCLAIMER
Past performance is no guarantee of future results. Investing
involves risk, including the possible loss of principal and
fluctuation of value.
This document includes statements concerning potential future
events involving Janus Henderson Group plc that could differ
materially from the events that actually occur. The differences
could be caused by a number of factors, including those factors
identified in Janus Henderson Group’s Annual Report on Form 10‑K
for the fiscal year ended 31 December 2020 and in other filings or
furnishings made by the Company with the Securities and Exchange
Commission from time to time (Commission file no. 001‑38103),
including those that appear under headings such as ‘Risk Factors’
and ‘Management’s Discussion and Analysis of Financial Condition
and Results of Operations’. Many of these factors are beyond the
control of JHG and its management. Any forward-looking statements
contained in this document are as at the date on which such
statements were made. Janus Henderson Group undertakes no
obligation to publicly update or revise any forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise, except as required by
law.
Annualised, pro forma, projected and estimated numbers are used
for illustrative purposes only, are not forecasts and may not
reflect actual results.
The information, statements and opinions contained in this
document do not constitute a public offer under any applicable
legislation or an offer to sell or solicitation of any offer to buy
any securities or financial instruments or any advice or
recommendation with respect to such securities or other financial
instruments.
Not all products or services are available in all
jurisdictions.
Mutual funds in the US are distributed by Janus Henderson
Distributors US LLC.
Please consider the charges, risks, expenses and investment
objectives carefully before investing. For a US fund prospectus or,
if available, a summary prospectus containing this and other
information, please contact your investment professional or call
800.668.0434. Read it carefully before you invest or send
money.
Janus Henderson and Intech are trademarks of Janus Henderson
Group plc or one of its subsidiaries. © Janus Henderson Group
plc.
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version on businesswire.com: https://www.businesswire.com/news/home/20220203005154/en/
Investor enquiries: Jim Kurtz Co-Head Investor Relations
(US) +1 303 336 4529 jim.kurtz@janushenderson.com
Melanie Horton Co-Head Investor Relations (Non-US) +44 (0)20
7818 2905 melanie.horton@janushenderson.com
Or
Investor Relations investor.relations@janushenderson.com
Media enquiries: Stephen Sobey Head of Media Relations
+44 (0)20 7818 2523 stephen.sobey@janushenderson.com
Sarah Johnson Director, Media Relations & Corp Comms +1 720
364 0708 sarah.johnson@janushenderson.com
United Kingdom: Edelman Smithfield Latika Shah +44 (0)7950 671
948 latika.shah@edelmansmithfield.com
Andrew Wilde +44 (0)7786 022 022
andrew.wilde@edelmansmithfield.com
Asia Pacific: Honner Craig Morris +61 2 8248 3757
craig@honner.com.au
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