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

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

Rating:Ivy Funds Reorg is Complete Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 03, 2003

Ivy Funds Reorg is Complete

by: Sean Hanna, Editor in Chief

Waddell & Reed Financial has finished melding the Ivy Funds and W&R Funds under the Ivy Funds and Waddell & Reed Advisor Funds brands. The reorganization was precipitated by Waddell & Reed's acquisition of the Ivy Funds from Canada's MacKenzie Financial Corporation in December 2002.

The Ivy Funds now all carry A, B and C share classes and the same sales load structure as the previous W&R Funds.

"This merger activity has been a critical step in our efforts to invigorate and strengthen the Ivy Funds," said Thomas W. Butch, executive vice president and chief marketing officer of Waddell & Reed and president and chief executive officer of Ivy Funds Distributor in a statement. "The Ivy Funds now offer a wider range of choices than before. And by adding Waddell & Reed's strong investment management capabilities to the Ivy brand, we believe we have significantly enhanced the attractiveness of the Ivy Funds for financial advisors and fund shareholders."

The following Ivy Funds were involved in mergers:

Domestic equity funds
  • Merged Ivy US Blue Chip into W&R Core Equity, managed by Jim Wineland, of Waddell & Reed
  • Merged Ivy US Emerging Growth into W&R Mid Cap Growth, managed by Kimberly Scott, of Waddell & Reed
  • Merged Ivy Growth into Waddell & Reed Advisors Accumulative, managed by Tony Intagliata, of Waddell & Reed

    International/Global equity funds
  • Merged Ivy International Small Companies into W&R International Growth, managed by Thomas Mengel, of Waddell & Reed
  • Merged Ivy Global into W&R International Growth, managed by Thomas Mengel, of Waddell & Reed
  • Merged Ivy Developing Markets into Ivy Pacific Opportunities, managed by Thomas Mengel, of Waddell & Reed

    Specialty funds
  • Merged Ivy Global Science & Technology into W&R Science and Technology, managed by Zachary Shafran, of Waddell & Reed

    Fixed income funds
  • Merged Ivy Bond into Waddell & Reed Advisors Bond, managed by Jim Cusser, of Waddell & Reed

    The following Ivy Funds remain as they were:

  • Ivy Cundill Global Value Fund, subadvised by Peter Cundill, of Cundill & Associates
  • Ivy Global Natural Resources Fund, subadvised by Fred Sturm, of Mackenzie Financial Corp.
  • Ivy European Opportunities Fund, subadvised by Stephen Peak, of Henderson Global Investors
  • Ivy International Fund, managed by Thomas Mengel, of Waddell & Reed
  • Ivy International Value Fund, managed by Thomas Mengel, of Waddell & Reed
  • Ivy Pacific Opportunities Fund (after absorbing Ivy Developing Markets Fund), managed by Thomas Mengel, of Waddell & Reed
  • Ivy Money Market Fund, managed by Mira Stevovich, of Waddell & Reed

    The following W&R Funds have become Ivy Funds (all managed by Waddell & Reed):

  • W&R Large Cap Growth Fund, managed by Dan Becker
  • W&R Small Cap Growth Fund, managed by Grant Sarris
  • W&R Asset Strategy Fund, managed by Mike Avery and Dan Vrabac
  • W&R Tax-Managed Equity Fund, managed by Barry Ogden
  • W&R High Income Fund, managed by Louise Rieke
  • W&R Limited-Term Bond Fund, managed by Pat Sterner
  • W&R Municipal Bond Fund, managed by Bryan Bailey

    The new Ivy Funds family comprises the following:

    Domestic equity funds:
  • Ivy Core Equity Fund, managed by Jim Wineland, with $271.6 million in assets as of June 30
  • Ivy Dividend Income Fund, managed by David Ginther, a new fund launched 6/30/03
  • Ivy Large Cap Growth Fund, managed by Dan Becker, with $33.5 million in assets
  • Ivy Mid Cap Growth Fund, managed by Kim Scott, with $53.1 million in assets
  • Ivy Small Cap Growth Fund, managed by Grant Sarris, with $411.2 million in assets
  • Ivy Tax-Managed Equity Fund, managed by Barry Ogden, with $5.3 million in assets

    International equity funds:
  • Ivy Cundill Global Value Fund, managed by Peter Cundill, with $10.1 million in assets
  • Ivy European Opportunities Fund, managed by Stephen Peak, with $65.4 million in assets
  • Ivy International Value Fund, managed by Thomas Mengel, with $41.4 million in assets
  • Ivy Pacific Opportunities Fund, managed by Thomas Mengel, with $12.3 million in assets
  • Ivy International Growth Fund, managed by Thomas Mengel, with $76.3 million in assets
  • Ivy International Fund, managed by Thomas Mengel, with $190.4 million in assets

    Flexible Portfolio/Specialty:
  • Ivy Global Natural Resources Fund, managed by Fred Sturm, with $39.3 million in assets
  • Ivy Science and Technology Fund, managed by Zachary Shafran, with $110.5 million in assets
  • Ivy Asset Strategy Fund, managed by Mike Avery and Dan Vrabac, with $66.6 million in assets

    Fixed income funds:
  • Ivy High Income Fund, managed by Louise Rieke, with $40.3 million in assets
  • Ivy Limited-Term Bond Fund, managed by Pat Sterner, with $80.4 million in assets
  • Ivy Municipal Bond Fund, managed by Bryan Bailey, with $28.6 million in assets
  • Ivy Money Market Fund, managed by Mira Stevovich, with $15.3 million in assets 

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

  • 0.0
     Do You Recommend This Story?



    GO TO: MFWire
    Return to Top
     News Archives
    2021: Q1
    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:
    Raw XML
    Add to My Yahoo!
    follow us in feedly


    1. IDC Foundations for Fund Directors, Mar 1-2
    2. MFDF webinar - Board Oversight of ETFs, March 3
    3. FinReg Outlook 2021, March 10
    4. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
    5. Irish Funds North American Digital Seminar, March 11
    6. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
    7. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
    8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
    9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
    10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
    11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
    12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
    13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
    14. ETF.com Awards 2020, April 20
    15. The 31st Sub-Advised Funds Forum, Apr 20-21
    16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
    17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
    18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
    19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
    20. ICI 2021 General Membership Meeting - Day 1, May 6
    21. ICI 2021 General Membership Meeting - Day 2, May 13
    22. 2021 FINRA Annual Conference, May 18-20
    23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
    24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
    25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
    26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




    ©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