February 13, 2000 How would you like a molecular biologist from
Stanford University researching and selecting your biotech stock investments – searching out the companies that are poised to take advantage of cutting-edge technology in the field of medicine? Someone with the
proper background to dissect FDA reports and sniff out newly developed drugs for ailments ranging from the flu bug to cancer. Then Tom Malley, the fund manager of Janus Global Life Sciences, is the scientist for
you. Mr. Malley runs a non-diversified growth fund that invests in foreign and domestic companies focusing on life sciences, such as biotechnology, pharmaceutical, hospitals and health insurers.
Although the mutual fund was started in December 1998 and does not have a track record, it is currently specializing in a very hot investment sector – the biotech
stocks. That explains the funds very high year to date return of 33.42% versus the S & P 500 Index which has lost about 4% year to date. However, this fund is not for the "faint of heart". As with
all specialty mutual funds, concentrated investing in a certain sector can be very risky (see related article
about specialty mutual funds), because when the sector is hot the fund performs very well, but if that sector falls out of favor, the fund returns will also
drop. If you are looking to supplement your investment returns by participating in high-flying biotechnology stocks and are willing to accept the volatility, the Janus Global Life Sciences Fund is a good way to
take advantage of the momentum in biotechnology without trying to search out just the right biotech stock. Janus Global Life offers you more diversity by investing in several different health related investments
and offers the expertise of a fund manager that specializes in the medical field. So for you investors looking to benefit from the next hot drug, it's time to put away your petri dishes and check out the Janus
Global Life Sciences Fund.Janus Global Life Sciences Fund
Symbol |
JAGLX |
Phone number |
(800) 525-8983 |
Web site |
www.janus.com
|
Minimum investment |
$2,500 |
Load |
None |
Expense ratio |
Unknown |
Year to date return (as of 2/11/00) |
33.42% |
Average annual 1 year return (as of 12/31/99
) |
61.00% |
(Source: www.janus.com – accuracy of this information is not guaranteed) |
