Janus 2 Is Open for Business Today
Amid a harsh trouncing of many of Janus managers' favorite sectors, the subscription period for the Janus 2 fund starts today.
Through Dec. 28, investors can reserve prelaunch shares at $10 a pop either through Janus or leading online broker Charles Schwab, the Denver fund shop announced today. At that point the fund will collect investors' pledged cash and start building the fund's portfolio when the fund officially launches on Dec. 29.
The fund can invest in companies of any size anywhere in the world. John Schreiber, assistant manager of the closed (JANSX Quote)Janus fund, will hold the reins. TheStreet.com previewed the fund in detail in September. In a prepared statement Schreiber said he's seeking "all-weather" companies he thinks will be able to grow their earnings in up or down markets. ...
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