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Janus' Juggernaut Jolted

Fund closings, tech sell-off, and loss of a leader dim family's star.

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Shuttered funds, sluggish performance, and the departure of a revered manager have slowed the Janus juggernaut in August.

Through Friday, the total net flow of money into all of Denver-based Janus Capital's stock funds was nearly $353.5 million, down 82% from its July inflows of about $2 billion and a nearly 95% drop from the almost $7 billion in equity fund inflows the fund family saw in March, just as the Nasdaq Stock Market entered an extended correction.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.