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Rating:A 3-Star Ivy Fund Swallows a 2-Star One Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 11, 2011

A 3-Star Ivy Fund Swallows a 2-Star One

News summary by MFWire's editors

Industry insiders may not be surprised to hear that a two-star Ivy Funds [see profile] offering will soon merge into a three-star one. On March 1 the mutual fund firm revealed in a filing [see filing] that it plans to have the $916.35 milliion Ivy Large Cap Growth Fund swallow the $585.47 million Ivy Capital Appreciation Fund.

Ivy plans to shutter Capital Appreciation to new investors on May 13 and then to existing shareholders on June 8, in preparation for the fund merger itself around June 10. Capital Appreciation offers A, B, C, E, I and Y shares. 

Edited by: Neil Anderson, Managing Editor


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