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Janus' Extraordinary 1999 Powered by Small Group of Favored Stocks
Last year, Janus' 14 stock mutual funds found the sweet spot of a market focused on large-cap growth and technology stocks and rode it to a startling average return of 81.6%.
Seldom has a large fund firm produced such consistent outperformance across its entire product line. All of the firm's stock funds beat the benchmark S&P 500 index's 21% return, most by a wide margin. Only two Janus funds, (JAEIX Quote)Equity Income (38.5%) and (JABAX Quote)Balanced (23.5%) -- which owns stocks and bonds -- returned less than 48%. Meanwhile, five funds posted triple-digit returns.
| A Year to Remember | |
| Janus Fund | 1999 Return |
| (JAGTX Quote)Global Technology | 211.6% |
| (JAVTX Quote)Venture | 151.9 |
| (JAENX Quote)Enterprise | 128.7 |
| (JAMRX Quote)Mercury | 105.6 |
| (JAOLX Quote)Olympus | 100.1 |
| (JAOSX Quote)Overseas | 86.1 |
| (JAVLX Quote)Twenty | 64.9 |
| (JAWWX Quote)Worldwide | 64.4 |
| (JASSX Quote)Special Situations | 64 |
| (JAGLX Quote)Global Life Sciences | 61 |
| (JAGIX Quote)Growth & Income | 51.2 |
| (JANSX Quote)Janus | 48.2 |
| (JAEIX Quote)Equity-Income | 38.5 |
| (JABAX Quote)Balanced | 23.5 |
| Source: Morningstar | |
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,337.05 | 1,095.94 | 2,183.73 | 34.23 |
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