Will the Janus-Henderson Merger Benefit Fund Investors?

Fee cuts would benefit fund investors and help the combined firm compete in an industry where fees have been steadily declining in recent years

Greg Carlson 8 June, 2017 | 1:35PM
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The history of fund company mergers isn't an especially pretty one. As Larry Fink said at the Morningstar Investment Conference in April, "Mergers suck. They're hard. They take years and years off your life.”.

Janus' global and international equity offerings have largely struggled

Too often they result in culture clashes and the departures of key personnel. It's even more difficult, it seems, to find fund company mergers that benefit fund shareholders in a clear and material way. The merger between US-based Janus Capital Group and U.K.-based asset manager Henderson Group that closed on May 30 doesn't appear to be one of those mergers, at least not yet.

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Greg Carlson  Greg Carlson is a fund analyst with Morningstar.