In the Margins

Large fund firms hit by high-yield selling

January 13, 2016

By The Wall Street Journal

Some large mutual fund firms were hit hard by selling in the U.S. junk-bond market last month. In addition to Third Avenue Management LLC, Loomis Sayles, Ivy Investment Management Co., and Waddell & Reed Financial Inc. suffered large investor withdrawals and declines in their net asset values. Read the original story from The Wall Street Journal.

 

 

Most Read

Top of the Agenda - Governance
Q&A: Converting open-end funds to ETFs

Guinness Atkinson Funds made history last year when it completed the industry’s first conversions from open-end mutual fund to exchange-traded fund. Since then, a number of ...