Janus Henderson outflows for 2019 are set to hit $US20 billion by next quarter.
Second-quarter outflows – $US9.8 billion – were the worst it had ever seen.
Analysts remained "Neutral" on the stock, yet investors were all but that.
JHG shares were down more than 10 per cent to $28.56 in the early afternoon.
Janus Henderson saw a similar reaction overnight in the US on the NYSE.
Shares in ASX-listed Janus Henderson have been savaged following a record level of outflows in the second quarter and fears there is worse to come.
Citi Research analyst Nigel Pittaway said the $US9.8 billion ($14.3 billion) of outflows that the fund manager revealed on Wednesday night were the worst the company had experienced.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
