Janus Capital downgraded to Sell from Neutral at Citigroup Citigroup downgraded Janus Capital to Sell citing valuation and a lack of operating leverage following the company's Q4 results. Citi lowered its price target for shares to $7.75 from $8.
Bill Gross: Fed will wait until 2% inflation or beyond before raising rates Says Fed needs to consider market instability. Says price of oil does impact Fed rate decisions. Says sees U.S. economy slowing as oil price declines. Says expects U.S. economy to grow at 3% for another quarter and will then revert to approximately 2% growth. Says TIPS look great now. Says high-yield bonds not a "great bet" right now. Bill Gross is speaking on CNBC.
Janus fund had $1.2B of assets under management at end of November, WSJ reports According to data released by Morningstar, the Janus Global Unconstrained Bond fund, Bill Gross's new mutual fund at Janus Capital, had $1.2B of assets under management at the end of November, The Wall Street Journal reports. The data shows that the pace of monthly inflows was the highest since Gross took over the fund. Reference Link