Strong AUM Growth
Assets under Management increased by 23% to a record high of $457.3 billion, aided by market gains, favorable currency adjustments, and the addition of Guardian's AUM.
Positive Net Flows
The second quarter marked the fifth consecutive quarter of positive net flows, with a significant contribution from Guardian's general account.
Guardian Partnership Success
Completion of the strategic partnership with Guardian, managing $46.5 billion in assets, exceeding the initially communicated $45 billion.
Launch of New ETF - JABS
Guardian provided $100 million of seed capital for the asset-backed securities ETF, JABS, which complements the existing CLO ETF, JAAA.
Improved Financial Performance
Adjusted diluted EPS increased by 6% compared to the same period a year ago, and strong investment performance boosted performance fees.
Investment Performance Improvement
72% of AUM in the top 2 Morningstar quartiles over all time periods, with notable improvements in U.S. and global equity products.