Janus Worldwide JJAWWX

Morningstar Rating

Fund Research and Analysis

by Greg Carlson

Janus Worldwide's new manager has made big changes in an attempt to turn the fund around. Will he be successful?

Laurent Saltiel took over this fund in mid-April 2009 from Jason Yee, who had struggled mightily since taking over the fund in 2004. Yee avoided most economically sensitive fare in the rally through 2007, but then compounded the fund's woes by buying financial firms such as American International Group AIG and Freddie Mac FRE, which then imploded in 2008's second half. Read more

Kudos

Manager earned a fine record at his foreign large-growth charge prior to taking the reins.

Modest expense ratio. Read more

Risks

New skipper has limited experience investing in U.S. stocks. Read more

Strategy

New manager Laurent Saltiel plies more of a growth-oriented strategy than predecessor Jason Yee (who took a contrarian, price-sensitive tack). He prefers companies that generate copious amount of cash, yet still sell at modest valuations. Read more

Management

In April 2009, Laurent Saltiel replaced Jason Yee, who had run this fund since July 2004. (Yee also comanaged Janus Global Opportunities JGVAX; he has left the firm.). Saltiel, an analyst at Janus for seven years, has also managed Janus International Equity since its November 2006 inception. Read more

Inside Scoop

This fund swung from a growth-oriented approach to a more price-sensitive one when Jason Yee took the reins in 2004. Now it will swing back the other way as Laurent Saltiel replaces Yee. Read more

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