Investors Pour $1 Billion Into Janus Value Fund

Only Nixon could go to China, and only Janus, undisputed champ of growth investing, could sell a value fund while the investment style sputters.

Janus Strategic Value emerged from a monthlong subscription period on Tuesday with more than $1 billion in assets. The fund launches Wednesday.

"Right now, any fund with the Janus moniker will draw a huge amount of money," says Dave Haywood of Boston fund consultant Financial Research. He says clients have jokingly told him that investors are so high on Janus that they'd wrap their arms around a new Janus Joplin fund. ...