Dollars & Sense

Returns lift Waddell & Reed, Ivy funds in Barron’s ranking

Updated: 2014-02-10T23:11:05Z

By MARK DAVIS

The Kansas City Star

Overland Park-based Waddell & Reed Financial Inc.’s two mutual fund groups fared well in Barron’s annual ranking of the best mutual fund families for 2013.

Ranked No. 5 among 64 fund groups, the Waddell & Reed Funds showed their “strongest result” in mixed funds that hold stocks and bonds, the financial publication said in its Feb 10 issue. Only fund families with a broad mix of fund offerings — U.S. stocks, world stocks, taxable bonds, tax-exempt bonds and mixed — were eligible.

Waddell & Reed Financial also runs Ivy Funds, and they topped Barron’s ranking based on 10-year returns and were fifth in the five-year ranking. The Waddell & Reed family was No. 4. in the 10-year list and No. 9 in the five-year rankings.

Hank Herrmann, chief executive officer of Waddell & Reed, said last year’s strong stock market made the work seem easier than it was. Top performance relied on smart stock picks.

“We have some 80 people focused on bottoms-up research, and that paid off,” Herrmann told Barron’s.

In the 2013 rankings, the Waddell Funds finished in the top 20 in each of the five categories. They ranked No. 3 in mixed funds and No. 8 in tax-exempt bond funds.

The Ivy Fund family, which ranked 11th in the 2013 listing, was fourth in mixed funds and fifth in taxable bond funds.

To reach Mark Davis, call 816-234-4372 or send email to mdavis@kcstar.com.

Deal Saver Subscribe today!

Comments

The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Kansas City Star uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here