Two-faced no more
AFTER years of staggering returns, this has been an unusually sluggish year for mutual funds sold by Janus, a Kansas-based money-manager that is arguably the biggest financial success of the bull market. Its performance has been trailing most of the standard benchmarks. Surprising, perhaps, but in the context of Janus's remarkable run, any other result would have been more surprising still, especially since Janus has been so closely linked with the now-faltering boom in technology shares.
This article appeared in the Finance & economics section of the print edition under the headline “Two-faced no more”
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