Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Ivy Borrows Another Page from its Sister's Playbook Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, March 05, 2009

Ivy Borrows Another Page from its Sister's Playbook

Reported by Armie Margaret Lee

Ivy Funds has filed papers with SEC to launch a pair of funds, both of which employ strategies imported from Ivy's sister fund family, Waddell & Reed Advisors Funds.

Thomas Butch
Ivy Funds Distributor
President and CEO
The last time Ivy imported a strategy from the W&R lineup was in the spring of last year, when it launched the Global Bond Fund.

Ivy filed with the SEC last Friday to roll out the Ivy Municipal High Income Fund and Tax-Managed Equity Fund.

Those strategies are attractive to the market, noted Tom Butch, president and CEO of Ivy Funds Distributor.

The move would expose those strategies to a broader audience. The Waddell & Reed funds are sold by Waddell and Legend advisors, while the Ivy Funds are sold both in the advisor channel and the wholesale channel.

Ivy Funds Distributors has 42 wholesalers, 22 of whom focus on wirehouses. It has 10 focusing on the independent channel, six of whom are splitting their time between the field and the internal sales desk. The sales team also includes four wholesalers dedicated to RIAs, three to the retirement market and two to the institutional space.

Meanwhile, Butch is seeing one bright spot in the market turmoil.

"It gives us an opportunity to make advisors and clients aware of some of our products that they might have not been familiar with previously," he said, pointing to Ivy's fixed income products. "It enables us to show the breadth of our wares."

Most of Ivy's sales have been concentrated in a few products, including Asset Strategy Fund and Global Natural Resources Fund

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use