Janus Closes 3 Funds to New Money

Janus Capital Group Inc has stopped accepting cash from new customers in three funds that invest in non-U.S. stocks.

Janus said in a statement it has closed the $10.9 billion Overseas Fund, the $2 billion Adviser International Growth Fund, and the $3 billion Aspen International Growth Portfolio to new investors, effective immediately. All three funds are managed by Brent Lynn.

Existing Janus Overseas Fund shareholders, retirement plan sponsors, and their participants may continue to purchase shares and reinvest any dividends or capital gains distributions. Janus Adviser International Growth Fund and Janus Aspen International Growth Portfolio will continue to accept investments from current qualified retirement plan and variable product sponsors, Janus noted.

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“We believe that closing these portfolios is in the best interests of existing shareholders,” Janus Co-Chief Investment Officer Gibson Smith said in the statement. “By better controlling the flows coming into the portfolios we give Brent Lynn the flexibility to invest in the types of international growth stocks that are consistent with his style.’

ExpertPlan Teams with RIA Firm on 401(k) Offering

ExpertPlan, a provider of private-label recordkeeping solutions to the retirement plan industry, has announced a new strategic partnership with the registered investment adviser (RIA) firm Brock Asset Management.

ExpertPlan has been chosen as the recordkeeper of choice for Phoenix, Arizona-based Brock Asset Management’s recently launched 401(k) product, 401-IRA Company.

“ExpertPlan is honored to have been selected as the recordkeeper-of-choice for 401-IRA Company,’ said Ross Brown, ExpertPlan’s Senior Vice President of Sales & Relationship Management, in a news release. “We look forward to helping Brock Asset Management expand its retirement presence within the Southwest.’

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More about Brock Asset Management’s 401-IRA Company can be found at www.401-IRA.com.

More about ExpertPlan is available at www.ExpertPlan.com.

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