Ivy Funds is introducing a complement to its original Asset Strategy Fund with a new go-anywhere, asset allocation product that focuses its equity allocation on small- and mid-cap companies from around the globe.
The Ivy Asset Strategy New Opportunities Fund provides a way for investors to access investment ideas that the asset strategy team is finding in smaller companies and industries in various parts of the world.
“Ivy Asset Strategy New Opportunities Fund extends the Asset Strategy approach to include smaller, high growth companies, especially in emerging and frontier markets,” says Michael L. Avery (pictured), chief investment officer of Ivy Investment Management and co-portfolio manager of the Ivy Asset Strategy Fund. “For investors, the new fund is a complement to the larger Ivy Asset Strategy Fund, which typically focuses on large-cap equities within its broader, go-anywhere strategy.”
The fund is managed by Jonas Krumplys, who has been an assistant portfolio manager on the larger Ivy Asset Strategy Fund for the last two years and has been with the Ivy Funds organisation for six years.
The fund will invest its equity allocation primarily in companies within the small- to mid-cap range (capitalisations within the range of USD0.5bn to USD10bn).
“The smaller cap range I’m covering in Asset Strategy New Opportunities Fund will lead to market sector weightings and country allocations which may not necessarily reflect those of the larger fund,” says Krumplys. “I’ll be pursuing similar global rebalancing themes, but will look at opportunities in additional geographies such as Southeast Asia, sub-Saharan Africa and the Middle East.”
