Funds Notebook: Janus Eyes Value Investing

Don't be surprised if next year you see a new value fund from Janus, the no-load heavyweight that has made its name and money in growth stocks.

"Expect to see us attack new areas of the market with new products," (JANSX Quote)Janus fund manager Jim Craig said Tuesday during a conference call announcing his promotion to research director of Janus funds.

In his new position, Craig said he'd make sure managers didn't overlook opportunities in sectors the growth shop has typically ignored, naming three value sectors: consumer durables, consumer nondurables and finance companies. Then he took his statement one intriguing step further. ...