|
|
Get Four
|  | OCTOBER 1, 2003
 WORD ON THE STREET CIBC World Keeps 'Sector Outperform' on Janus Analyst Ken Worthington thinks redemptions at Janus will quickly return to pre-probe levels CIBC World keeps its sector outperform rating on Janus Capital Group (JNS ). Analyst Ken Worthington says Janus gave an update on its internal investigation of market timing in Form 8-K. The key takeaway point is that Janus had 12 U.S. relationships with about $380 million of assets in Janus funds where clients had the ability to trade its funds more frequently than four times a year. Of those 12 relationships, only four were actively traded Janus funds. Given this apparently limited wrongdoing, and Janus' swift termination of the involved employees, Worthington thinks redemptions at Janus, which have risen of late, will quickly return to pre-probe levels. He's keeping his $21 target.  All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report. Standard & Poor's Regulatory Disclosure Any advice, analysis, or recommendations contained in articles labeled "Insight from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of BusinessWeek Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis, or recommendations that are published by Standard & Poor's. Standard & Poor's and BusinessWeek Online are each units of The McGraw-Hill Companies, Inc.
BW MALL
SPONSORED LINKS
Get BusinessWeek directly on your desktop with our RSS feeds.
Buy a link now! Add BusinessWeek news to your Web site with our headline feed. Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video. To subscribe online to BusinessWeek magazine, please click here. Learn more, go to the BusinessWeekOnline home page  | | |
 Copyright 2003, by The McGraw-Hill Companies Inc. All rights reserved.Terms of Use | Privacy Policy |
Printer-Friendly Version
