Janus Leads the Asset Managers

Originally Published in Charting the Market 7/30/07

Bill Miller’s conviction on Amazon.com has been rewarded, but equity outflows are picking up steam at Legg Mason.  The stock (LM-NYSE) has not exactly been lighting the world on fire, and might continue to lag its peer group if Miller’s streak of underperformance continues. Still, select asset managers have turned in respectable performance over the past year.. But with the Dow Jones Industrial Average and other global indices tumbling fewer assets under management will crimp revenue growth and lead to tough comparisons. And how long can Janus (JNS-NYSE) possibly hang tough? Big winner there. no positions

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