In the Margins
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
ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...