Janus Launches Two New Adviser Funds

Company Release - 5/2/2007 4:05 PM ET


Janus Capital Group Inc. (NYSE: JNS) today announced the launch of two new mutual funds sold through third-party intermediaries: Janus Adviser Floating Rate High Income Fund and Janus Adviser INTECH Risk-Managed International Fund.

Janus Adviser Floating Rate High Income Fund seeks to provide high current income by investing at least 80% of its assets in floating rate loans and other floating rate securities. By utilizing Janus' in-depth fundamental research process, Janus Adviser Floating Rate High Income Fund aims to offer an alternative investment that may have less volatility than high-yield bond funds and less correlation to fixed-income and equity markets. The fund will be managed by Jason Groom, who will be supported by Janus' research team of 13 fixed-income analysts and 35 equity analysts.

Groom has more than 13 years of professional investment experience. Prior to joining Janus as a fixed-income analyst in 2004, he worked as a credit analyst with ING Investments. Groom has a bachelor's degree in economics from the University of Arizona and a master's degree in business administration degree from Thunderbird, The Garvin School of International Management.

"We believe Janus Adviser Floating Rate High Income Fund will be a compelling option for investors looking for income generation with a low correlation to traditional fixed-income products" said Gibson Smith, Co-Chief Investment Officer of Janus Capital Group Inc. "This strategy complements one of our fixed-income team's core competencies, leveraged credit investing."

Janus Adviser INTECH Risk-Managed International Fund, which is based on an existing institutional strategy, will be benchmarked to the Morgan Stanley Capital International Europe, Australasia, and Far East (MSCI EAFE(R)) Index.

"Like all INTECH products, Janus Adviser INTECH Risk-Managed International Fund aims to create a portfolio that produces returns in excess of the benchmark index, with an equal or lesser amount of risk" said Robert Garvy, Chairman and Chief Executive Officer of INTECH.

By capitalizing on the natural price movement of individual stocks, INTECH portfolios seek returns in excess of the index with benchmark-like risk. INTECH has used this process to manage money for institutional clients and investors since 1987, reflecting one of the longest continuous records of mathematical equity investment strategies in the industry.

Created by Dr. Robert Fernholz, Chief Investment Officer at INTECH and a former professor at Princeton University, INTECH's proprietary investment process relies on a precise mathematical methodology rather than fundamental analysis of companies. INTECH begins by identifying stocks with high relative volatility and low correlation to each other. Within specific risk constraints, INTECH identifies target weightings of these stocks in an attempt to take advantage of the natural volatility of stock price movement. The result is a portfolio of stocks that seeks to produce an overall return greater than the benchmark index, but with less downside risk. This structured process results in virtually no style drift.


Headed by Chief Executive Officer Robert Garvy, INTECH was founded in 1987 following research undertaken by Dr. Robert Fernholz, the company's Chief Investment Officer, and the publication of his paper in 1982 on mathematical investment processes called "Stochastic Portfolio Theory and Stock Market Equilibrium." Headquartered in Palm Beach Gardens, Florida, and with research facilities in Princeton, New Jersey, the company employs 69 staff and manages approximately $66.2 billion in assets as of March 31, 2007.

About Janus Capital Group Inc.

Founded in 1969, Denver-based Janus Capital Group Inc. (Janus) is a recognized leader of growth and risk-managed investment strategies. Our commitment to deliver for investors is rooted in our research-intensive approach and relentless passion to gain a competitive edge.

At the end of March 2007, Janus managed approximately $176.2 billion in assets for more than four million shareholders, clients and institutions around the world. Outside the U.S., Janus has offices in London, Tokyo and Hong Kong. Janus Capital Group consists of Janus Capital Management LLC, Enhanced Investment Technologies, LLC (INTECH), and Capital Group Partners, Inc. (doing business as Rapid Solutions Group). In addition, Janus Capital Group owns 30% of Perkins, Wolf, McDonnell and Company, LLC.

Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus containing this and other information, please call Janus at 1-877-335-2687 or download the file from janus.com. Read it carefully before you invest or send money.

The Janus Adviser Floating Rate High Income Fund invests primarily in floating rate securities. Because they are generally considered non-investment grade, floating rate securities may be more sensitive to economic changes, political changes, or adverse developments specific to the borrower than higher quality investments and should be considered speculative. The Fund invests substantially all of its assets in income-generating securities, and as a result, it is also subject to risks such as credit and default risks. Higher-yielding and floating-rate securities involve a greater risk of default and price volatility than securities that are above investment grade. Limited liquidity of floating rate instruments and additional risks associated with the Fund's investments in derivatives, foreign securities and emerging markets may have a negative impact on fund performance. The Fund should not be considered a complete investment program.

The proprietary mathematical process used by Enhanced Investment Technologies LLC ("INTECH") may not achieve the desired results. Since the portfolio is regularly re-balanced, this may result in a higher portfolio turnover rate, higher expenses and potentially higher net taxable gains or losses compared to a "buy and hold" or index fund strategy.

The Morgan Stanley Capital International EAFE(R) Index is a market capitalization weighted index composed of companies representative of the market structure of Developed Market countries in Europe, Australasia and the Far East.

The weighting of securities within the portfolio may differ significantly from the weightings within the index. The index is not available for direct investment; therefore its performance does not reflect the expenses associated with the active management of an actual portfolio.

    Past performance is no guarantee of future results.

    Funds Distributed by Janus Distributors LLC (5/07)


    Source: Janus
Contact: Janus James Aber, 303-336-4513