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Janus' smart computer shows the way.
Publication: Europe Intelligence Wire Publication Date: 31-OCT-04 |
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COPYRIGHT 2004 Financial Times Ltd.
(From Funds International)
US growth-fund specialist, Janus Capital Group, has a new stock-picking star on its team. But it is unlikely that this one will be in line for a bonus payment. Janus' new guru turns out to be a computer that has steered the Janus Risk Managed Stock Fund (JRMS) into top position among all of the firm's 21 retail equity funds during the past year.
In the 12 months to 30 September JRMS generated a return of 21.14 percent compared with an average 14.29 percent from Janus' seven growth funds and...
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