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Article: Ivy Funds unveils two international funds of funds; Firm aims to provide one-stop diversification.(News)

Article from:
Investment News
Article date:
May 7, 2007
Copyright

Byline: Liz Skinner

WASHINGTON - The battle to help investors globalize their portfolios has received two more weapons.

Ivy Funds of Overland Park, Kan., created two international funds of funds last month that give investors a piece of many overseas plays in one stop.

The Ivy Managed International Opportunities Fund (IVTAX) combines five international Ivy funds that invest in everything from overseas bonds and growth companies to large companies in emerging Asian markets.

The second, the Ivy Managed EuroPacific Fund (IVMAZX) offers a more focused, regionalized investment, according to Stephen Barrett, director of marketing for Ivy ...

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