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March 03, 2003 at 07:00 PM
Feb. 28, 2003 — Janus Capital Group (JNS) debuted a new mutual fund that uses a mathematical formula in an effort to beat the returns of the Standard & Poor’s 500-stock index.
The Janus Risk-Managed Stock Fund is the first quantitative fund offered directly to investors by Janus, which recently introduced two other quantitative funds in its Advisor series of products that are sold through financial intermediaries.
Unlike other quantitative funds, Janus’ products do not analyze companies or to try to forecast a stock’s performance, a Janus spokeswoman said. Instead, they focus on stocks in an index that are volatile, but do not move in tandem, she said.
