MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, March 9, 2011 Janus Didn't Downgrade Janus Despite stories to the contrary, Janus insists that it was not downgraded by one of its own analysts. The Denver Business Journal's Heather Draper follows up on an American Banking & Market News story (no longer viewable online) from yesterday that a Janus analyst actually changed from a neutral to an under-perform rating for the Denver-based mutual fund firm. "None of our analysts rate our stock," a Janus spokesman told the Journal. "We can't own it in our mutual fund portfolios, so there's no reason to rate it." Separately, Dow Jones reports that Bank of America Merrill Lynch downgraded Janus to underperform, worrying about performance, Intech "outflows" and possible negative performance fees. Printed from: MFWire.com/story.asp?s=36212 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |