Janus Plans to Offer Two New Funds

Dec. 30, 2004 — After suffering steep outflows related to poor performance and a market-timing scandal in 2004, Janus is now planning to offer two new mutual funds to broaden its lineup, according to papers filed with the Securities and Exchange Commission this month.

Pending regulatory approval, Janus Explorer Fund will focus on smaller growth companies, while Janus Research Fund will provide investors direct access to the top stocks picks of Janus’s analysts, according to the filing.

Janus’s funds won accolades in the late 1990s with their growth-oriented approach that favored tech and health care issues, but suffered badly in the market meltdown starting in 2000 when the tech bubble burst. The company has steadily worked to rebuild investor confidence.