Janus Global Unconstrained fund's assets under management stood
at $1.26 billion at the end of January, Morningstar said.
"The fund continues to struggle to bring in new money even as
investors sought out fixed-income products in January amid
market uncertainty," said Todd Rosenbluth, director of ETF &
Mutual Fund Research at S&P Capital IQ Global Markets
A Janus Capital Group Inc spokeswoman declined to comment.
January's cash withdrawals mark the Janus Global Unconstrained
Bond Fund's third straight outflow, Morningstar said, noting the
fund attracted $6.6 million in October.
The Unconstrained Bond Fund, which Gross began managing in
October 2014, holds more than $700 million of Gross's personal
In his latest Investment Outlook, Gross said global markets and
individual economies are "increasingly addled and distorted."
Gross said major central banks including the Federal Reserve,
the European Central Bank and the Bank of Japan seem to believe
there is an interest rate so low that resultant financial market
wealth will ultimately spill over into the real economy.
"Today's Fed and other model-based central banks are, to my way
of thinking, the ones that have more and more become
The BOJ recently joined the ECB and the central banks of Sweden,
Denmark and Switzerland in negative-rate territory.
(Reporting by Jennifer Ablan; Editing by Chris Reese and Lisa
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