Janus Reports January Assets under Management; Market Decline Overshad

    Business Editors

    DENVER--(BUSINESS WIRE)--Feb. 9, 2005--For the month ended January 31, 2005, Janus Capital Group Inc. (NYSE:JNS) reported total assets under management of approximately $132.7 billion, which is down 4.5% from the prior month's assets of $139.0 billion. Firmwide average assets under management during January were approximately $133.6 billion compared with December's average assets of $137.5 billion, a decrease of 2.8%. Excluding money markets, average assets in January were $124.0 billion.
    Total long-term (non-money market) net outflows were $0.7 billion for the month. Gross sales of Janus-branded long-term products (excluding INTECH) were $1.6 billion in January, marking the fourth consecutive monthly increase. In January, Janus' equity assets saw market depreciation of $3.7 billion, or 3.0% of the firm's equity assets at the beginning of the month. This depreciation reflected the challenging equity markets in January, when the Nasdaq Composite and S&P 500 indexes declined 5.2% and 2.4%, respectively.
    "Despite a challenging market environment in January, I'm encouraged by the continued improvement in gross sales of Janus products, and the solid performance of our mutual funds," said Chairman and Chief Executive Officer Steve Scheid.
    Janus' relative mutual fund performance remained strong in January. As of January 31, approximately 73% of the funds in the company's primary fund family, Janus Investment Fund (JIF), were in the top half of their Lipper categories on a 3-year, total-return basis. In addition, more than 65% of the JIF funds were in the top half of their Lipper categories on a 1-year, total-return basis at the end of January.
    The attached Exhibit 1 shows Janus' assets and flows by investment discipline for November, December, and January. Exhibit 2 provides detailed Lipper rankings for the JIF funds.
    Please note that following the March news release, scheduled for April 11, 2005, assets under management and flows will only be reported on a quarterly basis as part of Janus' earnings news release.

    About Janus Capital Group Inc.

    Based in Denver, Colorado, Janus Capital Group Inc. is a leading asset manager offering individual investors and institutional clients complementary asset management disciplines through the firm's global distribution network.
    Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH), Bay Isle Financial LLC and Capital Group Partners, Inc. Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC.

    Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at 1-800-525-3713 or download the file from janus.com. Read it carefully before you invest or send money.

    Past performance is no guarantee of future results.

    The National Association of Securities Dealers Automated Quotation System is a nationwide computerized quotation system for over 5,500 over-the-counter stocks. The index is compiled of more than 4,800 stocks that are traded via this system.

    The S&P 500 Index is the Standard & Poor's composite index of 500 stocks, a widely recognized, unmanaged index of common stock prices.

    Theses indexes are not available for direct investment; therefore their performance does not reflect the expenses associated with the active management of an actual portfolio.

    Funds distributed by Janus Distributors LLC (01/05)

    This press release includes statements concerning potential future events involving Janus Capital Group Inc. 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' Registration Statement on Form S-4/A filed on September 20, 2004 and in our Annual Report on Form 10-K for the year ended December 31, 2003, on file with the Securities and Exchange Commission (Commission file no. 001-15253). Many of these factors are beyond the control of the company and its management. Any forward-looking statements contained in this release are as of the date on which such statements were made. The company assumes no duty to update them, even if experience, unexpected events, or future changes make it clear that any projected results express or implied therein will not be realized.

    Exhibit 1

JANUS CAPITAL GROUP INC. ASSETS & FLOWS BY INVESTMENT DISCIPLINE (dollars in billions)

One Month Ended ------------------------------------- November 30, December 31, January 31, 2004 2004 2005 ------------ ------------ ----------- Growth Equity Beginning of period assets $ 66.3 $ 68.5 $ 69.0 Sales 0.5 0.5 0.9 Redemptions 1.9 3.1 2.1 ----------- ----------- ------- Net Sales (redemptions) (1.4) (2.6) (1.2) Market appreciation 3.7 3.1 (2.5) ----------- ----------- ------- End of period assets $ 68.5 $ 69.0 $ 65.4 =========== =========== =======

Mathematical/Quantitative Beginning of period assets $ 21.2 $ 23.5 $ 25.8 Sales 1.4 1.7 0.8 Redemptions 0.1 0.1 0.1 ----------- ----------- ------- Net Sales (redemptions) 1.4 1.6 0.7 Market appreciation 0.9 0.8 (0.5) ----------- ----------- ------- End of period assets $ 23.5 $ 25.8 $ 26.0 =========== =========== =======

Fixed Income Beginning of period assets $ 5.9 $ 5.9 $ 6.2 Sales 0.2 0.4 0.1 Redemptions 0.2 0.3 0.2 ----------- ----------- ------- Net Sales (redemptions) - 0.1 (0.1) Market appreciation - 0.2 - ----------- ----------- ------- End of period assets $ 5.9 $ 6.2 $ 6.1 =========== =========== =======

Core/Blend Beginning of period assets $ 16.9 $ 17.4 $ 17.4 Sales 0.2 0.3 0.2 Redemptions 0.4 1.0 0.4 ----------- ----------- ------- Net Sales (redemptions) (0.2) (0.7) (0.2) Market appreciation 0.8 0.6 (0.4) ----------- ----------- ------- End of period assets $ 17.4 $ 17.4 $ 16.8 =========== =========== =======

Value Beginning of period assets $ 9.0 $ 9.6 $ 9.8 Sales 0.3 0.3 0.4 Redemptions 0.2 0.3 0.3 ----------- ----------- ------- Net Sales (redemptions) 0.1 - 0.1 Market appreciation 0.5 0.2 (0.3) ----------- ----------- ------- End of period assets $ 9.6 $ 9.8 $ 9.6 =========== =========== =======

Money Market Beginning of period assets $ 12.0 $ 12.4 $ 10.8 Sales 7.1 7.0 3.9 Redemptions 6.7 8.6 5.7 ----------- ----------- ------- Net Sales (redemptions) 0.4 (1.6) (1.8) Market appreciation - - - ----------- ----------- ------- End of period assets $ 12.4 $ 10.8 $ 8.9 =========== =========== =======

Total Beginning of period assets $ 131.3 $ 137.4 $ 139.0 Sales 9.6 10.2 6.3 Redemptions 9.4 13.3 8.8 ----------- ----------- ------- Net Sales (redemptions) 0.2 (3.1) (2.5) Market appreciation 5.9 4.7 (3.7) ----------- ----------- ------- End of period assets $ 137.4 $ 139.0 $ 132.7 =========== =========== =======

Total Excluding Money Markets Beginning of period assets $ 119.3 $ 125.0 $ 128.2 Sales 2.5 3.2 2.4 Redemptions 2.7 4.8 3.1 ----------- ----------- ------- Net Sales (redemptions) (0.2) (1.6) (0.7) Market appreciation 5.9 4.8 (3.7) ----------- ----------- ------- End of period assets $ 125.0 $ 128.2 $ 123.8 =========== =========== =======

Total Excluding Mathematical/Quantitative & Money Markets Beginning of period assets $ 98.1 $ 101.5 $ 102.4 Sales 1.1 1.5 1.6 Redemptions 2.6 4.7 3.0 ----------- ----------- ------- Net Sales (redemptions) (1.5) (3.2) (1.4) Market appreciation 4.9 4.1 (3.2) ----------- ----------- ------- End of period assets $ 101.5 $ 102.4 $ 97.8 =========== =========== =======

Each line has been rounded on the schedule individually to increase the accuracy of the amounts presented. Therefore totals and subtotals may not foot.

    Exhibit 2
    Janus Investment Fund

Lipper Rankings Based on Total Returns as of 1/31/05 -------------------------------------------- 1-Year --------------------- Percentile Rank / Lipper Category Rank (%) Total Funds -------------------------------------------- Growth Funds --------------------------------------------------------------------- Janus Enterprise Fund Mid-Cap Growth Funds 5 21 / 520 Janus Fund Large-Cap Growth Funds 61 403 / 661 Janus Mercury Fund Large-Cap Growth Funds 19 124 / 661 Janus Olympus Fund Multi-Cap Growth Funds 57 244 / 428 Janus Orion Fund Multi-Cap Growth Funds 6 25 / 428 Janus Twenty Fund(1) Large-Cap Growth Funds 1 4 / 661 Janus Venture Fund(1) Small-Cap Growth Funds 14 70 / 514 --------------------------------------------------------------------- Core Funds --------------------------------------------------------------------- Janus Balanced Fund Balanced Funds 30 168 / 578 Janus Core Equity Fund Large-Cap Core Funds 1 9 / 914 Janus Growth and Income Large-Cap Core Funds Fund 8 70 / 914 Janus Risk-Managed Stock Multi-Cap Core Funds Fund 4 27 / 696 Janus Contrarian Fund Multi-Cap Core Funds 2 9 / 696 --------------------------------------------------------------------- Income Funds --------------------------------------------------------------------- Janus Federal Tax-Exempt General Muni Debt Funds Fund 89 264 / 297 Janus Flexible Income Intermediate Inv Grade Fund Debt Funds 64 298 / 468 Janus High-Yield Fund High Current Yield Funds 39 159 / 414 Janus Short-Term Bond Short Investment Grade Fund Debt Funds 31 60 / 195 --------------------------------------------------------------------- International/Global Funds --------------------------------------------------------------------- Janus Global Life Health/Biotechnology Sciences Fund Funds 9 15 / 186 Janus Global Global Funds Opportunities Fund 26 81 / 315 Janus Global Technology Science & Technology Fund Funds 51 150 / 298 Janus Overseas Fund International Funds 41 349 / 863 Janus Worldwide Fund Global Funds 96 302 / 315 --------------------------------------------------------------------- Value Funds --------------------------------------------------------------------- Janus Mid Cap Value Fund Mid-Cap Value Funds - Inv(2) 66 151 / 229 Janus Small Cap Value Small-Cap Core Funds Fund - Inv.(1,2) 65 363 / 560 ---------------------------------------------------------------------

Percent of JIF Funds per Lipper Quartile based on Total Returns -------------------------------------------- 1-Year --------------------------------------------------------------------- 1st Quartile 43.5% 2nd Quartile 21.7 3rd Quartile 26.1 4th Quartile 8.7 ---------------------------------------------------------------------

Lipper Rankings Based on Total Returns as of 1/31/05 -------------------------------------------- 3-Year 5-Year --------------------- --------------------- Percentile Rank / Percentile Rank / Rank (%) Total Rank (%) Total Funds Funds ---------- ---------- ---------- ---------- Growth Funds --------------------------------------------------------------------- Janus Enterprise Fund 12 49 / 419 93 252 / 272 Janus Fund 31 167 / 544 67 281 / 424 Janus Mercury Fund 19 100 / 544 81 344 / 424 Janus Olympus Fund 65 228 / 353 79 178 / 226 Janus Orion Fund 14 48 / 353 - - Janus Twenty Fund(1) 6 29 / 544 80 339 / 424 Janus Venture Fund(1) 11 43 / 425 87 273 / 316 --------------------------------------------------------------------- Core Funds --------------------------------------------------------------------- Janus Balanced Fund 44 191 / 441 63 228 / 363 Janus Core Equity Fund 8 59 / 775 34 197 / 595 Janus Growth and Income Fund 16 124 / 775 63 373 / 595 Janus Risk-Managed Stock Fund - - - - Janus Contrarian Fund 3 14 / 513 - - --------------------------------------------------------------------- Income Funds --------------------------------------------------------------------- Janus Federal Tax-Exempt Fund 78 209 / 269 86 200 / 234 Janus Flexible Income Fund 11 39 / 387 70 190 / 272 Janus High-Yield Fund 77 261 / 342 28 74 / 272 Janus Short-Term Bond Fund 48 61 / 128 54 54 / 100 --------------------------------------------------------------------- International/Global Funds --------------------------------------------------------------------- Janus Global Life Sciences Fund 48 74 / 155 89 64 / 71 Janus Global Opportunities Fund 19 46 / 249 - - Janus Global Technology Fund 50 138 / 277 64 85 / 132 Janus Overseas Fund 68 479 / 708 77 395 / 515 Janus Worldwide Fund 98 245 / 249 93 167 / 179 --------------------------------------------------------------------- Value Funds --------------------------------------------------------------------- Janus Mid Cap Value Fund - Inv(2) 48 81 / 168 19 19 / 100 Janus Small Cap Value Fund - Inv.(1,2) 80 367 / 460 23 71 / 317 ---------------------------------------------------------------------

Percent of JIF Funds per Lipper Quartile based on Total Returns -------------------------------------------- 3-Year 5-Year --------------------------------------------------------------------- 1st Quartile 45.4% 10.5% 2nd Quartile 27.3 10.5 3rd Quartile 9.1 31.6 4th Quartile 18.2 47.4 ---------------------------------------------------------------------

Lipper Rankings Based on Total Returns as of 1/31/05 -------------------------------------------- 10-Year ----------------------- Percentile Rank / Rank (%) Total Funds ---------- ------------ Growth Funds --------------------------------------------------------------------- Janus Enterprise Fund 67 70 / 104 Janus Fund 39 54 / 138 Janus Mercury Fund 5 6 / 138 Janus Olympus Fund - - Janus Orion Fund - - Janus Twenty Fund(1) 1 1 / 138 Janus Venture Fund(1) 37 32 / 86 --------------------------------------------------------------------- Core Funds --------------------------------------------------------------------- Janus Balanced Fund 8 12 / 165 Janus Core Equity Fund - - Janus Growth and Income Fund 3 5 / 225 Janus Risk-Managed Stock Fund - - Janus Contrarian Fund - - --------------------------------------------------------------------- Income Funds --------------------------------------------------------------------- Janus Federal Tax-Exempt Fund 76 107 / 140 Janus Flexible Income Fund 7 9 / 135 Janus High-Yield Fund - - Janus Short-Term Bond Fund 37 21 / 56 --------------------------------------------------------------------- International/Global Funds --------------------------------------------------------------------- Janus Global Life Sciences Fund - - Janus Global Opportunities Fund - - Janus Global Technology Fund - - Janus Overseas Fund 5 7 / 164 Janus Worldwide Fund 40 23 / 57 --------------------------------------------------------------------- Value Funds --------------------------------------------------------------------- Janus Mid Cap Value Fund - Inv(2) - - Janus Small Cap Value Fund - Inv.(1,2) - - ---------------------------------------------------------------------

Percent of JIF Funds per Lipper Quartile based on Total Returns -------------------------------------------- 10-Year --------------------------------------------------------------------- 1st Quartile 50.0% 2nd Quartile 33.4 3rd Quartile 8.3 4th Quartile 8.3 ---------------------------------------------------------------------

    Past performance is no guarantee of future results.

    Lipper Inc. - A Reuters Company, is a nationally recognized organization that ranks the performance of mutual funds within a universe of funds that have similar investment objectives. Rankings are historical with capital gains and dividends reinvested.

    Call 1-800-525-3713 for current month end performance.

    Funds not ranked by Lipper are not included in percentages disclosed on page 2. Rankings exclude money market funds.

    A fund's performance may be affected by risks that include those associated with non-diversification, investments in foreign securities, non-investment grade debt securities, undervalued companies or companies with a relatively small market capitalization. Please see a Janus prospectus for more detailed information.

    1. Closed to new investors.

    2. Rating is for the investor share class only; other classes may
    have different performance characteristics.

--30--BRM/se*

CONTACT: Janus Capital Group Inc. Steve Belgrad, 303-394-7706 (Investor Contact) or Tamar Gerber, 303-336-4092 (Investor Contact) or Shelley Peterson, 303-316-5625 (Media Contact)

KEYWORD: COLORADO INDUSTRY KEYWORD: BANKING PRODUCT SOURCE: Janus Capital Group Inc.

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