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
The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...
It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...
When former BlackRock executive Salim Ramji takes the helm next month at Vanguard, the asset management behemoth's board of directors also will install its first-ever independent ...
Former BNY Mellon executive Joseph Keenan spent time during the pandemic learning "all things blockchain," knowledge that has come in handy since he was tapped in ...