Janus' latest portfolio reports make it clear that the fund company is moving out of telecom and technology stocks and into more established old-name companies in an attempt to recover from its disappointing -31.3 percent average return for the past year.
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Prudential is expanding its Strategic Partners Fund family through the addition of Prudential Diversified Funds which will be renamed Strategic Partners Asset Allocation Funds and Target Funds which will in turn be renamed Strategic Partners Style Specific Funds.
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Invista Capital Management, a subsidiary of the Principal Financial Group, has announced that it has gained three new institutional clients: FCCI Insurance, Blue Cross/Blue Shield of Tennessee, and Empire District Electrical.
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INVESCO Funds has promoted Charles Mayer to director of Value and Fixed Income Investments. He reports to Chief Investment Officer Tim Miller. Mayer will oversee INVESCO's fixed income portfolios and continue on the firm's value and equity-income strategies.
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