After losing $24 billion in assets under management in 2016, Waddell & Reed Financial Inc. continues to struggle, seeing assets drop to $80.4 billion in the second quarter, down 7 percent from a year ago.
Although assets continue to decline, the company’s (NYSE: WDR) outflows and market action gains are improving. The company experienced outflows of $2.5 billion in the second quarter, compared with $9.8 billion a year ago, for a 74 percent improvement. Those were the company’s best quarterly…
After losing $24 billion in assets under management in 2016, Waddell & Reed Financial Inc. continues to struggle, seeing assets drop to $80.4 billion in the second quarter, down 7 percent from a year ago.
Although assets continue to decline, the company’s (NYSE: WDR) outflows and market action gains are improving. The company experienced outflows of $2.5 billion in the second quarter, compared with $9.8 billion a year ago, for a 74 percent improvement. Those were the company’s best quarterly…