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

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

Rating:W&R Changes Fund Names Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, September 25, 2000

W&R Changes Fund Names

Reported by Sean Hanna, Editor in Chief

Waddell & Reed is continuing with its efforts to rebrand its funds to better focus of differing distribution channels. In this case the fund company renamed its Advisors Income Fund to the Advisors Core Investment Fund and its W&R Total Return Fund to the W&R Core Equity Fund. Both changes take effect October 2.

Related Links
Waddell & Reed
On InvestmentWires
 Waddell & Reed Expands Distribution
June 26 2000

 Waddell Adds Tax-Managed Fund to Lineup
April 3, 2000

 Waddell & Reed Acquires Fund Firm
Feb 28, 2000
 Waddell & Reed Buys Texas Firm
June 29, 1999
Last June, the fund company announced that it was renaming the United Group of Mutual Funds to "Waddell & Reed Advisors Funds" and the Waddell & Reed fund family will be renamed "W&R Funds,". The Waddell & Reed Advisors Funds will continue to be available for sale only by Waddell & Reed's proprietary sales force, comprising about 2,600 financial advisors.

In this case the name changes were made to better clarify the fund's roles in investors portfolios and their competitive universe, said Thomas Butch, chief marketing officer. Both funds had been reclassified to large cap core from equity income by Lipper Analytical Services in 1999. Butch said that the reclassification played a role in the decision to change the fund names.  

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use