Barron’s: Can Janus make it in the ETF market?

In Roman mythology, Janus is depicted as a two-faced god, meant to symbolize his control over transitional moments when one’s fate could go in either direction. Never has that symbolism seemed more apt for the fund company that bears his name.

Janus Capital Group JNS, +0.07% once an emblematic superstar money manager of the 1990s, never fully recovered from the subsequent dot-com crash. Assets have dropped from their 2000 peak of $324 billion to $199 billion as of Sept. 30—a 39% decline. The firm has been particularly hard-hit from the more recent industry-wide exodus out of actively managed funds into index products; it lost $1.8 billion to outflows for the 12 months ending Sept.

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