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Tuesday, May 9, 2000 Janus Closes Three Funds Janus today announced that it would be closing three of its mutual funds to new investments, starting tomorrow. The three funds include the $42 billion Janus Worldwide Fund,
"By proactively closing these funds now, we are controlling the flow of cash into them," said Jim Craig, Janus' chief investment officer. "This is a step that Janus has taken before ..." Janus closed its Twenty Fund and Global Technology Fund in the last year and is talking about closing its Enterprise Fund as early as midyear 2000. The Denver company, still fighting a battle with parent Kansas City Southern for independence from the planned Stilwell spin-off, currently has about $290 billion in 22 Janus retail funds, 13 institutional funds in its Janus Aspen Series, and 10 offshore funds through Janus World Funds. Printed from: MFWire.com/story.asp?s=25730 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |