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FYI: (Click On Article Title At Top Of Google Search) Waddell & Reed Financial Inc., one of the biggest beneficiaries of the recent boom in mutual funds, has hit a rough patch. Nervous investors pulled $12.5 billion out of the investment company’s two largest mutual funds over the past 12 months. Regards, Ted https://www.google.com/#q=Outflows+Hit+Waddell+&+Reed+Funds+wsj
Too bad the article is wrong. Assets did leave, but not for the reasons given by writer Matt Wirz. Do the editors bother to check the information? Unfortunately, this is becoming the norm for Market Watch.
As of month ending May, four of Waddell and Reed's 19 funds are on Three Alarm List:
Waddell & Reed Bond A (UNBDX) Intermediate Government Waddell & Reed Government Secs A (UNGVX) Muni National Long Waddell & Reed Municipal Bond A (UNMBX) Waddell & Reed Dividend Opps A (WDVAX)
No funds on Honor Roll.
No Great Owls.
Since the start of the current bull market, 16 of their funds have underperformed its peers on an absolute return basis, some by massive amount. Here's the list:
Comments
Waddell & Reed Bond A (UNBDX)
Intermediate Government Waddell & Reed Government Secs A (UNGVX)
Muni National Long Waddell & Reed Municipal Bond A (UNMBX)
Waddell & Reed Dividend Opps A (WDVAX)
No funds on Honor Roll.
No Great Owls.
Since the start of the current bull market, 16 of their funds have underperformed its peers on an absolute return basis, some by massive amount. Here's the list: