Janus, the mutual fund giant that made its name with growth funds in the 1999 technology stock boom, is adding two more value-oriented funds as it becomes clearer that the huge tech-sector gains are over for now.
Both funds are scheduled to be launched on May 1. The Janus Adviser Global Value Fund will be sold through financial advisers and brokers, while the Janus Global Value Portfolio will be sold to institutional investors.
The company said that because the Securities and Exchange Commission is considering its prospectuses for the funds, it can't discuss details about how they will be managed.
Not including the new funds, Janus has 13 growth funds, one value fund and three funds that combine growth and income.