The top rated ASX financial stock

Janus Henderson (ASX:JHG) is the highest ranked Australasian stock in the Financial Sector with an overall StockRank of 98. It is also the largest funds management stock on the ASX by market capitalization. Investors in ASX listed fund managers have had a fairly bruising time over the last few years, but it has not all been bad news.
The chart below depicts the performance of the five major fund managers listed on the ASX compared with the Samp;P/ASX All Ordinaries Index. As can be seen the fund managers have significantly underperformed the index in the last 12 months, however the majority of that underperformance occurred in 2022. Indeed, the fund managers group have outperformed the index since the start of 2023.

Within those five, Janus Henderson has been the standout performer over the last year.

Janus Henderson has a long history of nearly 90 years and has undergone a lot of corporate shape shifting over that period. Henderson was a UK company and Janus Capital was a US company. The Australian connection occurred in 1998 when AMP acquired Henderson. This marriage only lasted five...