What would a time-traveling fundster from 1999 make of Janus
] moves into fixed income and Pimco
] moves into equities? Jason Kephart of InvestmentNews ponders
the two mutual fund firms' shifts towards becoming one-stop shops.
"These kinds of shifts are often met with healthy skepticism," Jeff Tjornehoj
, a Lipper
senior research analyst, told InvestmentNews
. "Bigger firms have it a bit easier, though, simply because they have so many resources."
"Looking back at our strategic focus from 24 months ago, we made the decision to really focus on diversifying our asset business," Gibson Smith
, co-chief investment officer of fixed income at Janus, told the pub. "When people think about Janus, they usually think of the growth equity franchise, but we're seeing more interest in our fixed-income funds."
"It's about providing solutions, not products, and part of the solution is active equities," said Neel Kashkari
, head of equities at Pimco, stressing the importance of being a one-stop shop and of hiring top PMs. "We want to go out and cherry-pick the best in the industry."
"Our returns speak for themselves," Smith added.
Sterling Wealth Management Group
managing partner Greg Carroll
also weighed in for the article.
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