Janus Global Opportunities JJGVAX

Morningstar Rating

Fund Research and Analysis

by Greg Carlson

Janus Global Opportunities has lost its veteran comanager, but we're warming up to it.

This world-stock fund's comanager, Jason Yee, left Janus in April 2009. At first blush, that departure might appear to have a very big impact on this fund. After all, it was started as a vehicle for Yee and his value-oriented philosophy (a rarity at the growth-heavy shop) in June 2001, and he got off to a stellar start in his first three years here. Read more

Kudos

Small asset base gives the fund ample flexibility. Read more

Risks

This is comanager Greg Kolb's first portfolio-management role.

With roughly 30 names in the portfolio, this is a more concentrated offering than many world-stock funds. Read more

Strategy

Skipper Greg Kolb won't buy a stock unless he can pick it up at a meaningful discount to his estimate of the firm's worth. This isn't bottom-of-the-barrel value investing, though, as he also wants companies that boast strong free cash flows and impressive franchises. Read more

Management

Jason Yee, who had run and then comanaged this fund since its inception in mid-2001, left Janus in April 2009. Greg Kolb, a longtime analyst at Janus, was named comanager on the fund in May 2005, gradually took the fund in a modestly different direction, and took sole control of the fund when Yee departed. Read more

Inside Scoop

This fund's contrarian, concentrated style may cause it to move out of step with its world-stock category peers. Former lead manager Jason Yee left Janus in 2009, and this is the first lead portfolio-management role for Greg Kolb (who was promoted to comanager in 2005). Read more

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