Unforeseen events have resulted
and may continue to result in
an unusually high degree of exposure to
real events
and the resulting effect on such
anticipated levels of unforeseen events -
unusually difficult to identify -
could limit or preclude objective behavior.
Therefore, it is important to understand that
instability has resulted in
entities taking actions
to address the broad sweeping fact that
future ultimate impact is not yet certain.
As a result,
there can be no assurance that
potentially effective assurance
can be made that the entity (or other entity)
will continue action in response to the
effect of such actions, if taken.
composed by blacking out “Notes to Financial Statements” page 25 of “2010 Annual Report – Janus Aspen Series – Janus Aspen Worldwide Portfolio”
wkkortas
/ March 22, 2011Annual reports, especially those of financial service entities, are masterworks in obfuscation and the art of saying as little as allowable with as many syllables as possible. Tongue, meet cheek.
tgbusill
/ March 25, 2011You’re so right. They really are fantastic. For some reason my girlfriend and I each got sent 4-inch thick reports from a New York Life fund, and I was going to throw both of them out in the recycling, but for some reason I ended up keeping one and I’m so glad I did. It’s a goldmine!