What happened to my Ivy investment account?
The Transaction closed on April 30, 2021. The InvestEd Portfolios and the Ivy Funds, as part of Delaware Funds by Macquarie, are now managed by Delaware Management Company, and Delaware Distributors, L.P. is now the distributor of the Ivy Funds and the InvestEd Portfolios.
Does Waddell and Reed own Ivy Funds?
On Dec. 2, 2020, Waddell & Reed (WDR), the parent company of Ivy Investments, announced that it would be acquired by Macquarie Asset Management and expects the deal to close in mid-2021.
Is Ivy a good investment?
The Ivy Asset Strategy — which is known as a total return fund, because it tries to maximize gains through a variety of investment strategies — ranked in the 99th percentile in 2016, according to Morningstar, meaning that investors could scarcely do worse.
Is Waddell and Reed now ivy?
Macquarie Group completes acquisition of Waddell & Reed Financial, Inc. Ivy Investments.
Where did my Ivy Funds Go?
The Transaction closed on April 30, 2021. The InvestEd Portfolios and the Ivy Funds, as part of Delaware Funds by Macquarie, are now managed by Delaware Management Company, and Delaware Distributors, L.P. is now the distributor of the Ivy Funds and the InvestEd Portfolios.
Who took over Ivy investments?
Are Ivy Funds proprietary?
The company also created the Ivy Funds brand — to sell nearly identical versions of its proprietary funds to unaffiliated financial advisers as well as its internal advisers.
Is Ivy investments part of Waddell and Reed?
Waddell & Reed, Inc. serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios and InvestEd Portfolios, while Ivy Funds Distributor, Inc.