Value Fund Proves a Savior For Growth-Happy Janus

Janus' tech-heavy funds have taken some lumps in the Nasdaq Composite Index's recent selloff, but it seems investors are standing by their go-go growth-fund managers. The Denver-based firm continues to attract more investment dollars than any other mutual fund outfit.

But in an odd twist, Janus' saving grace nowadays might be its new value fund, (JSVAX Quote)Strategic Value, about which investors know virtually nothing.

The fund is up 10.9% since its March 1 launch, comfortably beating most stock funds and its average value peer, according to Morningstar. While it's clear portfolio manager David Decker has made some good moves, it's not at all clear what those moves are. Because Janus closely guards its portfolio information, no one aside from insiders has any idea what Decker is doing with the fund's $2.4 billion in assets. ...