Fund Spy: Fund Managers Find Passage to India.

Byline: Gareth Lyons

Nov. 21--Diversified portfolio managers typically stick to developed markets when sizing up opportunities. Lately, however, an increasing number of managers are venturing beyond the cozy confines of the United States and Western Europe and are snapping up shares of emerging-market companies. As a result, Indian stocks are cropping up with increasing regularity in nonemerging market funds. At the top of the list is Janus Contrarian Fund. A fund that has typically stayed within U.S. borders, it currently has 21 percent devoted to Indian stocks. Sibli