In the Margins

High-income Ivy fund redemptions continue

January 12, 2016

By The Wall Street Journal

Investors pulled $624 million out of Waddell & Reed Financial's Ivy High Income Fund in December, equivalent to some 10% of assets, according to data from Morningstar. The exodus is the latest setback for the fund and reflects mounting fears among individual investors of the risk of sharp losses in mutual funds that specialize in hard-to-trade securities including junk bonds. Read the original story from The Wall Street Journal.

 

 

 

 

Most Read

Top of the Agenda - Industry Groups
With a D&I focus, IDC launches two new initiatives

Independent Directors Council said this week it has formed two new partnerships designed to enhance diversity and inclusion in the mutual fund director community. Both initiatives ...