This story originally appeared on Zacks
On the lookout for a Mutual Fund Equity Report fund? Starting with Ivy Science & Technology Y (WSTYX) should not be a possibility at this time. WSTYX bears a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Delaware Investments is based in Philadelphia, PA, and is the manager of WSTYX. Ivy Science & Technology Y debuted in June of 1998. Since then, WSTYX has accumulated assets of about $455 million, according to the most recently available information. A team of investment professionals is the fund’s current manager.
Investors naturally seek funds with strong performance. WSTYX has a 5-year annualized total return of 23.95% and is in the middle third among its category peers. Investors who prefer analyzing shorter…