After getting burned by overloading on tech and telecom stocks at the height of the bull market, one would think that Janus Capital Group would have learned its lesson, Kiplinger's reports.

But that evidently is not the case, for the growth-oriented fund complex is loading up on high-octane emerging-markets stocks, which, while they have rewarded investors handsomely in the past few years, have only proven the fierce dangers of their downside in recent weeks.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.