MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 27, 2010 Waddell Says it Continues to Improve Sales Beyond its Two Top-Sellers For some mutual fund firms, one challenge has been not to let sales be dependent on just a hot product or two. In the case of Waddell & Reed, which runs the Ivy Funds, company officials said Tuesday they're continuing to improve sales in products beyond their two best-sellers, the Asset Strategy and Global Natural Resources funds. In the first quarter, the firm recorded gross sales of $900 million in other products, up from $800 million in the final quarter of 2009 and $600 million in the first quarter of last year. "The number of products experiencing meaningful sales continues to expand," company officials said in a news release on Tuesday. Printed from: MFWire.com/story.asp?s=32029 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |