HOW JANUS MADE MINCEMEAT OF ITS RIVALS

摘要

Most years, the mutual-fund performance derby is a game of inches. Fund companies gain bragging rights—and attract investors' dollars—if they manage to beat the competition by just a percentage point or two. But 1999 was no ordinary year for the markets, which saw widely disparate returns between the top-performing stocks and the laggards. And no fund company took advantage of the trend better than Janus Funds. The Denver company annihilated the competition by making huge bets on some of the stock market's biggest gainers.