The economics of geopolitics
Trade war escalation and stalled Brexit negotiations have boosted investment risk and market volatility. Our panelists discussed the geopolitical landscape and how it's influencing investment decisions.
The opinions expressed are those of the Fund’s manager and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current through December 31, 2017, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. This commentary is being provided as a general source of information and is not intended as a recommendation to purchase, sell, or hold any specific security or to engage in any investment strategy. Investment decisions should always be made based on an investor’s specific objectives, financial needs, risk tolerance and time horizon. Past performance is not a guarantee of future results.
Top 10 holdings (%) as of 12/31/2017: Wells Fargo Company, 5.3, Pfizer, Inc. 4.9, Chevron Corp. 4.3, Microsoft 4.1, JPMorgan Chase & Co. 4.0, Exelon Corp. 3.8, Suncor Energy Inc. 3.8, United Technologies Corp. 3.7, Home Depot, Inc. 3.7, DowDuPont Inc. 3.6.
Class R6 shares were renamed Class N on March 3, 2017.
The Russell 1000 Value Index is an unmanaged index comprised of securities that represent the large cap sector of the stock market. It is not possible to invest directly in an index.
The Waddell & Reed Advisors Dividend Opportunities Fund merged into the Ivy Dividend Opportunities Fund on Oct. 16, 2017.
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