It's no fun being a fund manager these days.
Shares of Janus Capital Group
It's not alone in Wall Street's solitary confinement. Legg Mason
Legg Mason is also suffering from the diminishing shine of Bill Miller. The legendary fund manager was a rock star after leading Legg Mason Value Trust
Janus has been more fortunate on the performance front, so why the grim outlook? Well, Janus is a stock-centric fund family. It is not as well diversified into fixed income funds like Eaton Vance
That may be bad news for firms like Janus and T. Rowe Price
Different funds thrive in different markets, explaining why the Champion Funds newsletter recommendations span across all fund types. It may be too late to pile on the venom on growth.
Today's volatile market may not seem conducive to plunging headfirst into an aggressive growth fund, but aren't they the ones that will bounce back the strongest when the economy does bounce back?
I'm sorry J.P. Morgan, but you're wrong about Janus.
Here's some more related Foolishness:
Check out Champion Funds to see if now is the time to buy the right funds. Legg Mason is a Motley Fool Inside Value pick. The Fool owns shares of Legg Mason. Try any of our Foolish newsletters today, free for 30 days.
Longtime Fool contributor Rick Munarriz always owns a mutual fund or two, even in a portfolio of stocks. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.