While the U.S. economy remains sluggish, growth is rebounding in much of the rest of the world. That is creating plenty of opportunities for Laurent Saltiel, portfolio manager of Janus Worldwide (JAWWX) and Janus International Equity (JAIEX).

One actively managed fund group has not disappointed: Morningstar’s “fund managers of the year.”

The New York Times recently reported a drop in champagne sales in all the top markets, particularly the United States, Britain and Japan. When champagne sales are going down and prices being cut, even in the midst of a 60-percent-plus rally in the...