Between the Lines at the Janus Conference
Janus, the fund world's high priest of growth investing, hasn't lost its religion after this brutal year. But that's no reason to ante up when the collection plate comes your way.
Last week, Janus' usually mum managers brought reporters into their Denver offices to reflect on their white-hot 1999 -- when the average Janus stock fund gained more than 80% -- and their collective tumble this year -- when all but one of their tech- and telecom-stuffed funds are down more than 20% since the Nasdaq Composite Index's March 10 peak. Sounding a lot like value managers in past years whose tech-light style left their funds miserably battered, they emphatically denied any plans to change their high-octane investment style that focuses on stocks of fast-growing companies just because that method fell from favor this year. ...
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