JANUS CAPITAL GROUP LAUNCHES JANUS RISK-MANAGED STOCK FUND
New fund is the first actively risk-managed INTECH portfolio to be offered in
Janus Capital Group’s direct no-load family of funds
DENVER – Mark Whiston, CEO of Janus Capital Group Inc. (NYSE: JNS) today announced the launch
of Janus Risk-Managed Stock Fund, which will be managed by Janus’ subsidiary Enhanced Investment
Technologies, LLC (INTECH).
“INTECH’s unique risk-managed mathematical approach to investing is an excellent complement to Janus
Capital Group’s existing products,” said Whiston. “Janus Risk-Managed Stock Fund reflects our focus on
broadening Janus’ product lineup by offering new investment disciplines from well-respected money
managers.”
By capitalizing on the natural price movement of individual stocks, INTECH portfolios seek to offer
better up-side potential than the market with less risk. INTECH has used this process to successfully
manage money for institutional clients and investors since 1987, reflecting one of the longest continuous
records of mathematical equity investment strategies in the industry.
Created by Dr. Robert Fernholz, Chief Investment Officer at INTECH and a former professor at Princeton
University, INTECH’s proprietary investment process relies on precise mathematical methodology rather
than fundamental analysis of companies. INTECH begins by identifying stocks with high relative
volatility and low correlation to each other. With those characteristics, INTECH builds an “ideally”
weighted portfolio – within specific risk constraints – designed to take advantage of the natural volatility
Janus Contact:
February 28, 2003
Shelley Peterson, 303-316-5625
of stock price movement. The result is a portfolio of stocks that seek to produce an overall return greater
than the benchmark index, but with less down-side risk. The portfolio is regularly rebalanced back to the
target weights in an effort to “capture” an excess return and is continually