Janus Henderson Investors reported a seventh straight quarter of net outflows between April and June, with investors’ exodus from its funds worsening to almost $10bn during the period.

Net withdrawals of $9.8bn, chiefly from the US-Australian fund manager’s badly underperforming quantitative equity funds, as well as from emerging-markets products, represent the company’s worst quarter for sales since the run of poor results began in the final three months of 2017.