Ivy Energy Fund Investment Losses

Energy funds suffered heavily in market drops last week after the Coronavirus outbreak.

The Sonn Law Group is investigating allegations that brokers over-concentrated portfolios. If you or a family member has suffered losses investing in Ivy Energy Fund, we want to discuss your case. Please contact us today for a free review of your case.

Ivy Energy Fund was created in April 2007. The Fund seeks capital appreciation by investing at least 80% of its net assets in securities, primarily equities of both U.S. and non-U.S. companies, principally engaged in exploration, discovery, distribution, or related to the infrastructure of energy and/or alternative energy.

Energy funds suffered significant losses last week as equity markets worldwide plummeted amid investor fears about Coronavirus and an oil price war between Saudi Arabia and Russia. According to Market Watch, Ivy Energy Fund has a -66.7% YTD return. 

In January, Ivy Energy Fund shares were valued at $8.86 per share. As of March 23, 2020, the shares are valued at $2.94 per share.

The Sonn Law Group is investigating allegations that brokerage firms may have recommended high energy investments such as Ivy Energy Fund to its clients. If your financial advisor over-concentrated your portfolio, you may have a claim to recover losses.

Financial Advisor Requirements and Ivy Energy Fund

Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas can be unsuitable for many investors.

Contact Us Today

If you suffered losses investing in Ivy Energy Fund, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.