Waddell & Reed Advisors Bond Fund adds portfolio manager Susan Regan

By Toni Weeks

San Luis Obispo, Calif., Aug. 25 – Waddell & Reed Advisors Fixed Income and Money Market Funds added Susan Regan as a portfolio manager to the Waddell & Reed Advisors Bond Fund, according to a 497 filing with the Securities and Exchange Commission.

Regan joins Mark Otterstrom in managing the fund.

The fund seeks to provide current income consistent with preservation of capital by investing at least 80% of its net assets in investment-grade debt securities.

Shawnee Mission, Kan.-based Waddell & Reed Investment Management Co. is the investment adviser to the fund.

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