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Janus Seeks to Retain Primacy in Equity Growth With Three New Funds

Janus Capital next year will launch three mutual funds in hopes of maintaining its position as an equity growth powerhouse, Reuters reports.

The first of the three investment offerings, Janus Research Fund, to be launched in February, will concentrate on analysts' recommendations. Janus investors can also look forward to a new small-to-mid cap fund and a quantitative large-cap fund that will be sold through the firm's Intech subsidiary.

Gary Black, Janus' newly appointed chief investment officer, said the firm has been eyeing new value investments but the past four years of rising stock prices have discouraged the firm from bottom fishing for discounted stocks at this time.

Black projected growth stocks will outperform value stocks because the symptoms of the recession that followed widespread technology stock failures have stayed in remission for more than three years.

Janus itself is showing signs of recovery by announcing plans to increase its analysts' coverage to 1,100 companies next year from 960 firms now on the company's radar.