MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 1, 2000 Janus Assets Drop Again Stilwell Financial, Janus' parent, reported today that its assets under management fell to approximately $293 billion as of November 30, 2000 from approximately $305 billion at the end of October. Meanwhile, Janus' assets fell to roughly $250 billion at the end of November, a drop of roughly $30 billion for the month, according to the firm. Janus Funds has opened the much anticipated Janus 2 fund as its 24th fund. The new fund will be offered through Schwab during its subscription period. The fund is a follow-on to the Janus fund which the firm closed on September 14. John Schreiber, assistant portfolio manager of the Janus Fund, is the new fund's manager. The fund is opening even as Janus investors are pulling money from the complex. With a fully a third of its funds closed to new investors, however, the company sees this new fund as an crucial element in its lineup. "I think that this is actually something that investors will be looking for," said Janus spokeswoman Shelley Peterson. "Janus Fund 2 is a cornerstone type of portfolio, an all-weather blue chip type of fund, and I definitely think that investors are seeking out that type of opportunity." Finally, investors visiting JanusFunds.com will see something new today as the firm has unveiled its Web site. Printed from: MFWire.com/story.asp?s=26254 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |