Ivy Investment Management Finalizes Adoption of Selector Management Fund SICAV

Ivy Investment Management Company and Ivy Funds Distributor Inc. (together, “Ivy”) have completed a fund adoption transaction with Emerging Managers Group (“EMG”) allowing Ivy to take over responsibility as investment adviser and global distributor of the Selector Management Fund SICAV, an umbrella UCITS fund range domiciled in Luxembourg.

The UCITS funds now are distributed internationally by Ivy Funds Distributor, Inc., DBA Ivy Global Investors, and managed by Ivy Investment Management Company (its affiliate Waddell & Reed Investment Management Company previously served as subadvisor to the funds).

Sub-funds of the SICAV included in the fund adoption transaction are Ivy Global Investors Asset Strategy Fund and Ivy Global Investors High Income Fund, which have combined assets under management of approximately $247 million. Three other sub-funds will be launched in the near future: Ivy Global Investors Mid Cap Growth Fund, Ivy Global Investors Large Cap Growth Fund and Ivy Global Investors Science and Technology Fund.

“This is the next step in expanding our distribution network internationally, reaching investors in key growth markets around the world,” said Thomas W. Butch, president and CEO of Ivy Funds Distributor, Inc. “Both non-resident customers of U.S. broker/dealer firms, as well as investors globally, now may have access to the investment management expertise offered through Ivy Funds.”

Going forward, EMG will partner with Ivy through the distribution of the Ivy products in numerous offshore jurisdictions in Italy, Brazil, and certain Middle Eastern markets, as well as through an EMG SICAV, currently in the process of formation, in the management of a fund-of-funds UCITS that invests in various offshore active funds, including Ivy-managed sub-funds, “smart beta” funds and ETFs.

Through its subsidiaries, Waddell & Reed Financial, Inc. (NYSE:WDR) provides investment management and financial planning services to clients throughout the U.S. The firm had approximately $136 billion in total assets under management at June 30, 2014. Ivy Investment Management Company serves as investment advisor to the Ivy Funds, while Ivy Funds Distributor, Inc. serves as principal underwriter and distributor to the Ivy Funds.

The information in this release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security that may be referenced in this release. Unless otherwise specified, it is not intended to be directed to any person(s) in particular. This information must not be used in any jurisdiction where prohibited by law and must not be used in a way that would be contrary to local law or legislation. No investment advice, tax advice, or legal advice is provided in this release and you agree that this information will not be used for these purposes. No representation is given that shares, products, or services identified in this release are suitable for any particular investor. An investment in the Selector Management Fund SICAV is not available to investors in all jurisdictions; among others, it is not available to U.S. Persons. Selector Management Fund, as the SICAV umbrella containing the Ivy Global Investors sub-funds, retains ultimate responsibility for the content of this release. Selector Management Fund SICAV is an umbrella fund with segregated liability between its sub-funds (including the Ivy Global Investors sub-funds) organized under Luxembourg law, subject to the provisions of Part 1 of the Law of 2010. It is regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) as an undertaking for collective investment in transferable securities (“UCITS”). Selector Management Fund is not registered in the United States of America under the Investment Company Act of 1940, nor have the shares of the Selector Management Fund been registered in the United States of America under the Securities Act of 1933. Ivy Funds Distributor, Inc., DBA Ivy Global Investors, is a member of Financial Industry Regulatory Authority (“FINRA”) and a registered U.S. Broker-Dealer. Ivy Global Investors is the global distributor of the Selector Management Fund SICAV.

Ivy Global Investors sub-funds are offered solely to certain non-U.S. investors and, under limited circumstances, in transactions exempt from the registration requirements of the Securities Act, in reliance upon Regulation S and other applicable laws, under the terms and conditions of the SICAV’s current prospectus. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus and applicable Key Investor Information Document (KIID) contains important information about the SICAV’s sub-funds and should be read carefully before investing. Copies of these documents for the sub-funds may be obtained by contacting your financial professional.