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Ivy Global Investors launches three funds

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Ivy Global Investors has launched three funds, broadening the line-up of options available to non-US investors.

Ivy Global Investors Science and Technology Fund, Ivy Global Investors US Large Cap Growth Fund and Ivy Global Investors US Mid Cap Growth Fund join two existing funds in the Ivy Global Investors family.
 
All are sub-funds of Selector Management Fund SICAV, an umbrella UCITS fund range domiciled in Luxembourg. The UCITS funds are distributed globally by Ivy Funds Distributor, DBA Ivy Global Investors, and managed by Ivy Investment Management Company.
 
The Ivy Global Investors Science and Technology Fund is a multi-cap strategy that seeks out structural growth potential with a broad purview across securities from three market segments: science, technology and applied science and technology.
 
The Ivy Global Investors US Large Cap Growth Fund invests in large-capitalisation US companies (those with above USD10 billion in market capitalisation) that management believes exhibit sustainable growth and a distinct competitive advantage.
 
The Ivy Global Investors US Mid Cap Growth Fund invests in mid-capitalisation US companies (market capitalisation in the range of companies in the Russell Midcap Growth Index) that management believes exhibit profitable business models, sound capital structures and a history of rising cash flows.
 
The two existing sub-funds of the SICAV, Ivy Global Investors Asset Strategy Fund and Ivy Global Investors High Income Fund, had combined assets under management of approximately USD247 million at 30 June 2014.
 
“As we broaden our distribution network internationally, we will continue to pursue opportunities to effectively meet the needs of global investors through a variety of product offerings,” says Thomas W Butch, president and CEO of Ivy Funds Distributor.

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