1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - In Q3 2025, the scale of fixed - income + funds increased again, with a total of 1419 funds and a scale of 1.93 trillion yuan. Most types of products saw scale growth, and the issuance of fixed - income + funds warmed up significantly [3][9]. - Affected by the high - level correction in the convertible bond market, fixed - income + products generally reduced their convertible bond positions and increased their stock positions, and uniformly increased the allocation ratio of the science and technology innovation and advanced manufacturing sectors [3][32][35]. - In Q3 2025, the median return and maximum drawdown of fixed - income + funds were 2.84% and - 0.85% respectively. Products with higher stock positions performed better, and Huashang Fund and Boshi Fund had relatively high average returns [3][44][46]. 3. Summary According to the Directory 3.1 Scale Changes: The Scale Rapidly Climbed and Exceeded 1.9 Trillion, and High - Elasticity Secondary Bond Funds Attracted Attention - **Overall Scale and Growth**: As of Q3 2025, there were 1419 fixed - income + funds with a total scale of 1.93 trillion yuan. The cumulative scale increased by 55.9428 billion yuan this quarter, with the continued operation scale rising by 48.8825 billion yuan and the new - issue fund scale reaching 2.6823 billion yuan. Low - and medium - position fixed - income + funds and hybrid bond - type secondary funds saw significant scale increases [9][12]. - **Top - Rising Products**: The product with the largest scale increase was Yongying Steady Enhancement, with a scale increase of 27.331 billion yuan this quarter. It is a medium - volatility secondary bond fund with outstanding performance this quarter, achieving a cumulative return of 7.37% [17]. - **New - Issue Product Dynamics**: In Q3 2025, fund companies issued 33 fixed - income + funds with a total initial offering scale of 2.68 billion yuan. The issuance market warmed up significantly, with July being relatively cold and August - September showing obvious improvement [19]. - **Fund Company Dimension**: The management scales of the top 20 fund companies in terms of management scale all increased this quarter. The company with the largest scale increase was Invesco Great Wall Fund, with a scale increase of 78.199 billion yuan [22]. - **Continued Operation and Initial Offering**: The net subscription amounts of the top ten funds in Q3 2025 were approximately between 10 - 30 billion yuan, and the initial offering shares of the top ten funds were between 0.8 - 5 billion [27]. - **Investor Preference**: In Q3 2025, the scales of fixed - income + funds with more holders mostly increased slightly, while the scales of fixed - income + funds preferred by institutions increased significantly [29]. 3.2 Investment Characteristics: Reducing Convertible Bond Positions and Increasing Stock Positions - **Asset Allocation Characteristics**: Affected by the high - level correction in the convertible bond market, various fixed - income + products generally reduced their convertible bond positions and increased their stock positions, especially low - position fixed - income + funds [32]. - **Industry Allocation Characteristics**: In Q3 2025, fixed - income + funds uniformly reduced the allocation ratios of the financial real estate, consumption, medicine, and cycle sectors and increased the allocation ratios of the science and technology innovation and advanced manufacturing sectors [35]. - **Industry Allocation Characteristics at the Fund Company Level**: Among the top 10 fund companies in terms of fixed - income + fund scale in Q3 2025, there were significant differences in industry allocation views [38]. - **Industry Allocation Characteristics of High - Performing Fixed - Income + Funds**: High - performing fixed - income + funds in Q3 2025 had obvious commonalities in industry allocation, mainly investing in advanced manufacturing, technology, and non - ferrous metals, and most high - performing products had high convertible bond positions [41]. 3.3 Performance Review: Huashang Fund Led the Way - **Performance of the Entire Market's Fixed - Income + Funds**: In Q3 2025, the median return and maximum drawdown of fixed - income + funds were 2.84% and - 0.85% respectively. Products with higher stock positions performed better [44]. - **Performance at the Fund Company Level**: Among the fund companies with large fixed - income + fund scales, Huashang Fund and Boshi Fund had the highest average returns. Tianhong Fund and Bank of China Fund had relatively similar product performance, while Huaxia Fund and Invesco Great Wall Fund had higher performance differentiation [46]. - **Performance of Large - Scale Funds**: In Q3 2025, the performance of large - scale fixed - income + funds varied. Products with leading performance in the same strategy included Invesco Great Wall Jingyi Fengli and Yongying Steady Enhancement [47]. - **High - Performing Products of Different Types of Fixed - Income + Funds**: The products with top returns included Hongta Red Tower Shengshang One - Year, Huatai - PineBridge Yurun, Rongtong Stable Credit Gain 6 - Month Holding, and Caitong Asset Management Xinyi [49].

A strong stock as of late has been Janus Henderson Group plc (JHG) . Shares have been marching higher, with the stock up 3.4% over the past month. The stock hit a new 52-week high of $49.42 in the previous session. Janus Henderson Group has gained 9% since the start of the year compared to the 14.2% move for the Zacks Finance sector and the -7.6% return for the Zacks Financial - Investment Management industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises ...

Core Viewpoint - Janus Henderson Group plc (NYSE:JHG) has reached a record high following a $7.2 billion acquisition proposal from two of its largest investors, Trian Fund Management LP and General Catalyst Group Management LLC [1][3]. Group 1: Stock Performance - Janus Henderson's stock price peaked at $49.42 during intra-day trading, ultimately closing at $46.35, reflecting an increase of 11.34% for the day [2]. - The acquisition proposal offers to buy the remaining stake in Janus Henderson at $46 per share, representing a 10.5% premium over its latest closing price [3]. Group 2: Acquisition Proposal Details - The joint non-binding acquisition proposal was communicated through a letter from Trian Fund Management and General Catalyst Group [3]. - Trian Fund Management has been an investor in Janus Henderson since 2020 and currently holds two board seats [4]. - A special committee has been formed to evaluate the acquisition, excluding board members affiliated with the acquiring companies, although the deal is not guaranteed [4].

Key Points It has received a buyout offer from an activist investor. That investor, Trian Partners, already has a stake in its equity. 10 stocks we like better than Janus Henderson Group Plc › One of the lesser-known financial stocks on the exchange was having quite a trading session on Monday. On news that Janus Henderson Group (NYSE: JHG) had received a premium-priced buyout offer, the financial services company's shares raced to a gain of over 11%. That compared most favorably to the slightly ov ...

Market Overview - U.S. markets opened with significant gains, with the Nasdaq rising by 1.47% to reach 8,532.62 and the S&P 500 increasing by 0.91% to 23,546.16, both setting new records [2] - The Dow Jones Industrial Average jumped 310 points, or 0.66%, to 47,517.13 [2] - Small caps, represented by the Russell 2000, initially rose by 0.53% before pulling back [2] Premarket Movers - Notable gainers in premarket trading included Janus Henderson (+14% on buyout rumors), Darling Ingredients (+14%), and Keurig Dr. Pepper (+9.7% following earnings) [4] - Major losers included Organon & Co (-21% due to CEO resignation amid controversy), Carter's Inc. (-9.4% after earnings), and Newmont Corp (-5.1% linked to declining gold prices) [4] Economic Context - U.S. stock futures were on the rise, buoyed by strong earnings reports and a softer-than-expected inflation report from the previous week [5] - The S&P 500 and Nasdaq Composite reached new intraday records, surpassing 6.8K and 23.2K, respectively, while the Dow Jones also exceeded 47.2K [5] - Hopes for a U.S.-China trade deal have increased, with a framework being discussed that includes issues like fentanyl, rare earth metals, and tariffs, as President Trump and President Xi are expected to meet at the APEC [6] Earnings Reports - The week is anticipated to be busy for earnings, with reports from Keurig Dr. Pepper and others, including Welltower, Cadence Design, and Waste Management, expected later in the day [7]

Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Janus Henderson Stock Soars on Proposed Acquisition by Peltz's Trian, General Catalyst By Andrew Welsch Nelson Peltz, founder and chief executive officer of Trian Fund Management, during ...

Core Viewpoint - Trian Fund Management and General Catalyst have proposed to acquire Janus Henderson for $46 per share in cash, arguing that the asset manager would perform better as a private entity [1] Group 1 - The acquisition offer values Janus Henderson at a significant premium, indicating confidence in the company's potential when privately managed [1] - The proposal suggests a strategic shift for Janus Henderson, focusing on operational improvements that could be achieved outside of public market pressures [1]

London-based fund manager Janus Henderson said on Monday it had received a takeover proposal from billionaire Nelson Peltz's Trian Fund Management and General Catalyst, valuing it at $7.18 billion. ...

Nelson Peltz’s Trian Fund Management is working with global investment firm General Catalyst on an offer to buy the rest of asset manager Janus Henderson https://t.co/K6L2VgAlX1 ...

(Bloomberg) -- Janus Henderson Group Inc. will not tender its shares in U-blox Holding AG for Advent’s 1.05 billion Swiss franc ($1.3 billion) takeover bid of the chipmaker, according to people familiar with the matter. Janus Henderson, a top-10 U-blox shareholder with a 5% stake, is disappointed the firm’s management accepted an offer from Advent without spending more time exploring strategic options, the people said. The asset manager estimates fair value for U-blox would be about double Advent’s offer ...