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Rating:Waddell and Reed Completes Fund Merger Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 20, 2004

Waddell and Reed Completes Fund Merger

by: Nicole Halsey

Waddell & Reed Financial, Inc. has completed the mergers of the Advantus Funds with the Ivy Funds family, for which its subsidiary serves as investment adviser.

The Advantus Funds includes 11 mutual funds, which at the date of the mergers in December had $631 million in assets. Four of the Advantus Funds were merged into Ivy Funds of similar objectives and the remaining seven funds were merged in as new products within the Ivy Funds family.  

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