Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Waddell Netted Over $9 Billion in Flows in 2009 Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, January 28, 2010

Waddell Netted Over $9 Billion in Flows in 2009

News summary by MFWire's editors

The Ivy Funds' parent swung from a small net loss to a net gain in the past year. On Thursday Waddell & Reed Financial revealed net income of $33.3 million in the fourth quarter of 2009, down slightly from $33.4 million in net income in Q3 2009 and up from a $0.7 million net loss in Q4 2008. (Reuters' Archana Shankar reports that, "excluding the effects of sale of a unit, the company earned 37 cents a share," missing estimates by a penny.)

Meanwhile, the Overland Park, Kansas-based mutual fund firm's assets ballooned to $69.783 billion on December 31, 2009, buoyed by $9.265 billion in net inflows for the year. For Q4, Waddell's advisor channel brought in $86 million in net flows, the wholesale channel brought in $2.589 billion and the institutional channel brought in $6 million. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use