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Resources rebound- Where do we go from here

Ivy Municipal High Income Fund- Pulic Resources. Local income investing

Featured Market Perspective- Fewer new job losses, but the length of time out of work is still growing

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News & Commentary

			Cautious optimism as asset values rebound The Ivy Asset Strategy portfolio management team sees the credit markets slowly improving, and commodity prices rising, although the overall U.S. economy remains quite weak.

			Fewer new job losses, but the length of time out of work is still growing Despite an easing unemployment rate, the duration of job losses across many sectors - especially durable goods and energy - continues to impact consumer spending and the broader economy.

			Ivy Funds Introduces Municipal High Income Fund

			Resources rebound- Where do we go from here? Energy prices are on the rise, again. Learn about what's ahead from Fred Sturm, Ivy Global Natural Resources Fund's portfolio manager.

			India's election results signal a mandate for privatization and change Learn why we think India's recent election results could provide a catalyst for higher economic growth in the world's largest democracy.

			The market's risk appetite returns The Asset Strategy team reviews how they have positioned the Fund accordingly.

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Past performance is no guarantee of future results. The Ivy Funds are managed by Ivy Investment Management Company and distributed by its subsidiary, Ivy Funds Distributor, Inc. Waddell & Reed Financial, Inc., the ultimate parent company of Ivy Funds Distributor, Inc., acquired the investment advisor to the Ivy Funds in December 2002.

The products and services described in this website are offered only in the United States, Puerto Rico and the U.S. Virgin Islands. Nothing in this website should be considered a solicitation to buy or an offer to sell such products and services in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Ivy Funds distributed by Ivy Funds Distributor, Inc. and Waddell & Reed InvestEd Portfolios distributed by Waddell & Reed, Inc. are offered by prospectus only.

Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. For a prospectus containing this and other information for the Ivy Funds, call your financial advisor or click here. Please read the prospectus carefully before investing.