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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (23694)	2/4/2001 12:16:16 PM
From: Sergio H	Read Replies (3) \| Respond to of 29382

Ola DD. Any opinion on TESOF? Cross your fingers on CSCO and SUNW this week. Barron's listed Janus family of funds at the bottom for performance in 2000. Morningstar, on the other hand is optimistic about 2001: Janus Funds Rally Hard after Traumatic 2000 morningstar.com Written by Christine Benz Although the year is still young, Janus funds have already begun to atone for their abysmal returns in 2000. The firm's six large-cap growth funds averaged a return of 3.9% in the month of January, versus a 2.3% return for the typical fund in that category. Most of the other Janus funds also climbed into their categories' top halves for the month. The flagship Janus Fund [JANSX:Nasdaq], which closed to new investors in September 2000, notched a particularly strong gain of 8.1% in January. Manager Blaine Rollins has been one of Janus' biggest backers of the AOL-Time Warner combination, and shares of the newly merged company have rallied heartily since the deal was approved earlier last month. (Time Warner was Janus Fund's largest position as of its most recently available portfolio.) Meanwhile, some of Rollins' other top holdings at the end of the third quarter have made a strong run. Linear Technology [LLTC:NNM] and Maxim Integrated Products [MXIM:NNM], for example, have popped along with the rest of the chip sector this year. Janus Twenty [JAVLX:Nasdaq] and Janus Mercury [JAMRX:Nasdaq], two of the firm's harder-hit funds in 2000, each gained more than 4% in January. Twenty likely also got a boost from AOL Time Warner [AOL:NYSE], while AT&T Liberty Media, a big holding in Mercury's most recently available portfolio, has borne fruit after a disastrous 2000. Janus Special Situations [JASSX:Nasdaq] has also come on strong following a difficult year in 2000. Not only has the fund's bevy of telecom and media stocks enjoyed a more hospitable environment, but the fund also had a big position in Advanced Micro Devices [AMD:NYSE] toward the end of last year. That stock has run up sharply so far in 2001. Janus Orion [JORNX:Nasdaq] is also looking better in its sophomore outing than it did following its inauspiciously timed launch in mid-2000. Manager Ron Sachs' small- and mid-cap tech and telecom holdings, which bore the brunt of last year's sell-off, have staged a dramatic rebound thus far this year. The story is similar with Janus Venture [JAVTX:Nasdaq]. Although the fund took a body blow in 2000, shedding nearly half its value, it has roared back in 2001 with a 10.2% gain in January. On the flip side, the Janus funds that were positioned more defensively coming into this year haven't enjoyed as big a pop in the early innings of 2001. Janus Olympus, whose most recent portfolio featured some defensive names like Kroger [KR:NYSE] and Colgate-Palmolive [CL:NYSE] alongside the typical Janus array of highfliers, was up only slightly in January. (Its overall return wasn't out of whack with the large-cap growth category average, however.) Similarly, Janus Equity-Income [JAEIX:Nasdaq], which has assumed a somewhat more conservative stance since manager Karen Reidy took it over at the beginning of 2000, has logged merely so-so returns so far this year.