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Article: Billions flooding Janus Worldwide spur fears fund may grow too big
- Article from:
- THE JOURNAL RECORD
- Article date:
- February 5, 1997
- Author:
CopyrightCopyright 1997 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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DENVER -- 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, has the numbers --
at least over the past three years -- to support its ...