Ivy Expands Lineup with Ivy IG International Small Cap Fund
January 10 2017 - 06:45AM
Business Wire
In a changing financial landscape, investors continue to seek
out distinctive opportunities. Ivy Investment Management Company
(IICO) today expands investor options with the potential to gain
exposure to smaller international companies through Ivy IG
International Small Cap Fund.
The Fund, which became effective today, seeks
smaller-capitalization (less than $10 billion) companies outside
North America that exhibit perceived growth at a reasonable
price.
The Fund is subadvised by IG International Management Ltd. (IG
International), a firm with a global focus that introduced its
first international small cap fund in 2002. This represents the
first partnership between IG International and IICO.
“One of our strengths is the ability to complement our
investment team with outside partners that bring knowledge and
skill in unique categories,” said Thomas W. Butch, president and
CEO of Ivy Distributors, Inc. “IG International is an example of
that, as we broaden the Ivy lineup with a focus on an asset class
that has not been as widely available in the U.S., giving investors
the opportunity to increase international exposure and diversify
portfolios.”
The Fund is managed by Martin Fahey, CFA, a 28-year industry
veteran, and Bryan Mattei, CFA, a 10-year industry veteran.
Together they select fund holdings through a proprietary,
fundamentally driven stock selection process while incorporating a
top-down view for thematic drivers.
“Interest in international small caps has been driven by a
combination of outperformance, attractive valuations and innovation
among smaller companies,” said Fahey. “We believe successful small
cap investing requires the identification of under-valued,
under-appreciated companies with growth potential, taking into
account competitive advantages.”
IG International, located in Dublin, Ireland, is an affiliate of
IG Investment Management and has managed international small-cap
equity investments since 2002. IG Investment Management is a global
investment manager with offices in Toronto, Montreal, Winnipeg,
Dublin and Hong Kong. This global presence gives the firm access to
dedicated internal research by local investment professionals in
all major regions of the world. The firm oversees approximately $61
billion in assets, focused in all global regions and across various
asset classes including equities, fixed income, real estate and
specialty products.
About Ivy Investments
Ivy Investments® is a global organization recognized for
inventive, actively managed investing strategies that help
investors best meet their long-term goals. It is part of an
organization dating to 1937, with a time-tested investment process
and an authentic and demanding culture – one that values
preparedness, collaboration and accountability. These values extend
from a broad internal investing capability, which reaches all major
asset classes, to subadvisor partners, to the distribution team
that supports advisors and clients.
Ivy Investment Management Company and Ivy Distributors, Inc. are
affiliates of Waddell & Reed Financial, Inc. (NYSE: WDR).
Through its subsidiaries, Waddell & Reed Financial, Inc.
provides investment management and financial planning services to
clients throughout the U.S. The firm had approximately $85 billion
in total assets under management at Sept. 30, 2016.
Past performance is not a guarantee of future results.
The value of the Fund’s shares will change, and you could lose
money on your investment. International investing involves
additional risks including currency fluctuations, political or
economic conditions affecting the foreign country, and differences
in accounting standards and foreign regulations. These risks are
magnified in emerging markets. Investing in small-cap stocks may
carry more risk than investing in stocks of larger more
well-established companies. The value of a security believed by the
Fund’s manager to be undervalued may never reach what the manager
believes to be its full value, or such security’s value may
decrease. These and other risks are more fully described in the
Fund’s prospectus. Not all funds or fund classes may be offered at
all broker/dealers.
The Fund is sub-advised by IG International Management Ltd.,
which delegates to its subsidiary, IG Investment Management (Hong
Kong) Ltd., for additional portfolio management responsibilities.
References to IG International Management include both
entities.
Diversification cannot ensure a profit or protect against loss
in a declining market.
IVY INVESTMENTS® refers to the investment management and
investment advisory services offered by Ivy Investment Management
Company, the financial services offered by Ivy Distributors, Inc.,
a FINRA member broker dealer and the distributor of IVY FUNDS®
mutual funds and IVY VARIABLE INSURANCE PORTFOLIOS℠, and the
financial services offered by their affiliates.
Before investing, investors should consider carefully the
investment objectives, risks, charges and expenses of a mutual
fund. This and other important information is contained in the
prospectus and summary prospectus, which may be obtained at
www.ivyinvestments.com or from a financial advisor. Read
it carefully before investing.
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version on businesswire.com: http://www.businesswire.com/news/home/20170110005138/en/
Ivy Investment Management CompanyRoger Hoadley,
913-236-1993VP, Director of
Communicationsrhoadley@ivyinvestments.com
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