Like the double-headed Roman god that gave Janus Capital Group its name, the Denver-based asset manager's £6.1m (€7.8m, $12m) Global Research fund reconciles some opposing fund management mentalities.

This Dublin-domiciled global equity vehicle allocates assets to industry sectors in exactly the same proportion as its MSCI World Growth benchmark. But the fund's seven sector teams pick stocks on a high-conviction basis that can bear little relation to their weightings in the index.