Janus to Launch Two New Funds in February

December 28, 2004 (PLANSPONSOR.com) - Janus Capital Group, beleaguered from the fallout following the mutual fund trading scandal, is trying turn the tide with two new mutual fund offerings come February.

The Janus Explorer fund and Janus Research fund will be launched contingent on regulatory approval, according to the Rocky Mountain News, based in Janus’ home town of Denver.

The Explorer fund, aimed at individual investors, will look mainly for small and mid-sized stocks with less than $10 billion market capitalization. Fees will be 1.19% of assets annually.

The Research fund, also aimed at the retail business, will choose stocks based on the company’s analysts, and will cover a broad range of sectors. Ron Sachs, and eight-year veteran of the company, will run the Explorer fund, while Jim Goff, the director of research at the firm, will oversee the Research fund.

This is the first new Janus product since 2001, according to the Rocky Mountain News, and comes after the company has battered by investors pulling funds out of the company. Thirty billion dollars has left the company since 2003, when the company was hit hard by the mutual fund trading scandal (See Janus Unearths Market Timing Arrangements ). The only firm seeing worse outflow numbers in Boston-based Putnam Investments.