Janus Plans to Offer Value Fund
November 22, 1999
Janus of Denver, Colo., the growth-oriented mutual fund company, is planning to offer its first value fund since 1988.
Janus filed a registration statement with the SEC Nov. 15 to offer the Janus Strategic Value Fund. David C. Decker, the portfolio manager of the Janus Special Situations Fund, will run Strategic Value, according to the SEC filing.
Strategic Value will seek long-term capital growth by investing in companies Decker believes are undervalued relative to their intrinsic worth. Janus plans to offer the fund by Jan. 31 or soon after, according to the registration statement.
Janus offers 21 retail funds and had assets under management of $199.6 billion as of Nov. 12. Janus offered Janus Value until 1988. The fund subsequently was renamed Janus Twenty, a growth fund.