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Article: WILL SUCCESS SPOIL JANUS WORLDWIDE? POPULARITY MAY MAKE DENVER FUND TOO BIG TO MANAGE.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- February 9, 1997
CopyrightCOPYRIGHT 1997 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tim Quinson Bloomberg News
The mutual fund industry likes to warn investors that past performance is no guarantee of future success.
Still, some investors are prepared to dismiss those warnings when it comes to Janus Worldwide Fund. They're buying shares of Janus' global stock fund as though there's no tomorrow.
A net $2.2 billion poured into the Janus fund last year and a monthly record of $590 million flowed into the fund in January, the Denver-based company said. The fund's assets have more than doubled in the past year to $5.9 billion, up from $1.98 billion at the end of 1995.
Janus Worldwide, managed by Helen Young Hayes, ...