The following is a summary of the Janus Henderson Group Plc (JHG) Q3 2024 Earnings Call Transcript:
Financial Performance:
Janus Henderson reported adjusted diluted earnings per share (EPS) of $0.91 for Q3 2024, a 42% increase year-over-year.
Net flows were positive for the quarter at $400 million, marking the third quarter out of the last seven with positive flows.
Assets under management increased by 6% to $382.3 billion, a 24% increase compared to the previous year.
High net inflows across various regions and strategies were driven by a 36% increase in gross sales year-over-year.
Business Progress:
Janus Henderson is actively continuing to build on its strategic vision which includes Protect & Grow, Amplify, and Diversify.
Significant strides have been made in product innovation and market execution, including the launch of new active ETFs and expansion into private market capabilities.
Opportunities:
New opportunities in private credit and ETFs are being exploited, with new product launches and acquisitions, like Victory Park Capital, to enhance offerings and expand in the private credit sector.
Partnerships in digital assets and tokenized funds highlight innovative financial technology adoption.
Risks:
The need to sustain and replenish an institutional pipeline to combat potential economic fluctuations which could impact the financial market.
Managing the integration and performance of recent acquisitions to maximize their potential contribution to earnings and growth.
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