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#216844 - 07/28/04 07:11 PM Janus Funds
Tink Offline
Member
Joined: Apr 2004
Posts: 59
Has anyone heard anything about these significantly dropping in the recent past???? Someone mentioned something and I am totally lost.

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#216845 - 07/28/04 07:20 PM Re: Janus Funds
HappyGilmore Offline
10K Club
Joined: Jun 2004
Posts: 19,486
Pulling people out of the ditc...
we include Janus in our 401(k) as an investment option. IN the calendar year 2002 they took a major hit, about 50%, but have steadily come back. Had an average increase of about 35% last year, and they are up about 10% so far this year. Granted, we only have 4 Janus funds as an option, and there are over 50 funds that they manage, so I can only speak for a small amount.
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#216846 - 07/28/04 07:23 PM Re: Janus Funds
Tink Offline
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Joined: Apr 2004
Posts: 59
Thanks for your response.

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#216847 - 07/28/04 07:45 PM Re: Janus Funds
Jokerman Offline
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Joined: Nov 2003
Posts: 12,846
Quote:

Has anyone heard anything about these significantly dropping in the recent past???? Someone mentioned something and I am totally lost.




Janus' reputation took a big hit during the bear market, as their funds suffered from more exposure than many other large mutual fund companies. Additionally, it was one of the companies targeted for allowing market-timing trades.

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#216848 - 07/29/04 12:55 PM Re: Janus Funds
Anonymous
Unregistered

our bank dropped the Janus Funds late last year as a fund for out 401Ks

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#216849 - 07/29/04 12:58 PM Re: Janus Funds
Tink Offline
Member
Joined: Apr 2004
Posts: 59
Thank you Jokerman and anon. I think I understand now what they are talking about.

Maybe if I got my mind off compliance a little more . . .

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