- Janus' (NYSE:JNS) $1.5B Unconstrained Bond Fund (MUTF:JUCAX) returned about 2.4% over the past month, reversing losses since Bill Gross took over on October 6. The fund is now ahead of 68% of its peers since that day.
- Helping the fund in March was Gross' contrarian bet against the dollar - the surging greenback took a sizable breather in March. "It's not the trade of the century or the trade of the decade but I think it’s the trade of the year,” says Gross.
- One month is hardly a track record though, and it will be interesting to see if fund outflows - $18.5M in February - reverse along with the returns.