As the financial markets continue a run of volatility in response to the global coronavirus (COVID-19) pandemic, I wanted to update you on our preparation and ongoing agility amid change.
Ivy’s investment team remains fully prepared, while our process continues its steady, responsive and active approach. Across a range of market cycles, our portfolio managers, analysts and economists have without hesitation adapted and proactively adjusted their thinking in the face of opportunity and challenge.
Today, despite unprecedented circumstances, is no different.
Ivy Investments and our parent firm, Waddell & Reed Financial, Inc., have implemented a range of interim business practices to protect the health and safety of employees and guests, while maintaining all service levels and continuing to meet our clients’ needs. Today, a majority of our employees, including our investment management and distribution teams, are working from home or are preparing to do so. Our other remaining operational groups are working from multiple site locations or on rotational schedules to ensure business continuity and safety.
Our work with you will not change, as you’ll still have ongoing access to your Ivy Investments partner and to our team’s thought leadership. Importantly, this doesn’t alter the comprehensive capability of our investment team. Our investment professionals:
  • Continue to meet daily at 8:45 a.m., virtually, to carry on our legacy of fundamental research and business model analysis, as well as broader market and macro analysis;
  • Are conducting virtual meetings with company managements, staying apprised of the fast-changing dynamics across the marketplace;
  • Continue to operate seamlessly with trading and risk-management functions in the management of their portfolios.
Collaboration is a key part of our active process, one that becomes even more important within the demanding environment we face today. We will keep you apprised as our Chief Investment Officer and portfolio managers continually offer perspective on market sectors and the global economic environment.
As a reminder, here are other specific steps already in place:
  • We have activated an Enterprise Preparedness Team that meets regularly to assess developments and determine the best action to ensure business continuity and the safety of our employees and partners.
  • Business travel is restricted for all employees. As travel has reduced, we have available a wide range of remote-access meeting tools and technology to facilitate ongoing business interaction while adhering to cybersecurity protocol.
  • Adaptability and awareness remain at the forefront across our organization. Communication regarding safe practices and overall health is ongoing within our organization and its affiliates.
As always, the well-being of our employees, clients and all stakeholders is our most important priority.
Thank you again for your partnership, and please reach out to your sales partner as you have questions or need assistance.
Amy J. Scupham
Ivy Distributors, Inc.

Past performance is no guarantee of future results. Remarks on these panels are for informational purposes only and are not meant to predict or project the future performance of any investment product. The opinions are current through the date of each panel, are subject to change at any time based on market and other current conditions, and no forecast can be guaranteed. The information is not a recommendation to purchase, sell, or hold any specific fund or security mentioned or to engage in any investment strategy. Funds or securities discussed may not be suitable for all investors.

Risk factors: Investing involves risk and the potential to lose principal. International investing involves additional risks, including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets. Fixed income securities are subject to interest rate risk and, as such, the value of such securities may fall as interest rates rise. The impact of COVID-19, and other infectious illness outbreaks that may arise in the future, could adversely affect the economies of many nations or the entire global economy, individual issuers and capital markets in ways that cannot necessarily be foreseen. In addition, the impact of infectious illnesses in emerging market countries may be greater due to generally less established healthcare systems. Public health crises caused by the COVID-19 outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty.