Waddell & Reed's Ivy Funds announced that it raised $317 million through an initial public offering of its first ever closed-end fund, called the Ivy High Income Opportunities Fund.
The new fund started trading today on the New York Stock Exchange under the symbol "IVH."
RELATED: Ivy Funds taps into real estate market
A closed-end fund is a type of mutual fund that has a set number of shares that can be purchased or sold, as opposed to open-ended funds where shares can be created to meet demand…
Waddell & Reed's Ivy Funds announced that it raised $317 million through an initial public offering of its first ever closed-end fund, called the Ivy High Income Opportunities Fund.
The new fund started trading today on the New York Stock Exchange under the symbol "IVH."
RELATED: Ivy Funds taps into real estate market
A closed-end fund is a type of mutual fund that has a set number of shares that can be purchased or sold, as opposed to open-ended funds where shares can be created to meet demand…