But last year, the Ivy fund lost 65 percent of its assets — meaning that investors pulled out — while the Waddell & Reed fund lost only 26 percent.
Net flow percentages, 2016
FUNDS SOLD BY ADVISERS
IDENTICAL FUNDS SOLD BY ADVISERS
PAID BY THE FUND CREATOR
NOT PAID BY THE FUND CREATOR
Waddell & Reed Advisor
Science and Technology
Strategic Emerging Markets
“Asset flows are driven by a number of factors, including the end investor
and their investment goals and time horizon,” said Natalie Marin, a spokeswoman for Oppenheimer.
Over the last three years, the Ivy fund has lost 82 percent, compared with 41 percent for the Waddell & Reed fund.
Given that both funds come from the same family — the Ivy fund is a product of Waddell & Reed,
and they have the same portfolio managers — it might seem to be a curious question why one dysfunctional family member is being battered more than another.
