Posted On:
March 7, 2007
MORNGINSTAR REPORTS MORE “PAIN” TO COME: REGIONS MORGAN KEEGAN MUTUAL FUND RECOGNIZED FOR EXTRAORDINARY EXPOSURE TO SUBPRIME INVESTMENT LOSS
On March 7, 2007, Jeffrey Gunlach spoke out at the annual investment conference sponsored by Morningstar U.S. He recognized that the unmitigated disaster associated with the subprime meltdown was “only going to get worse.” The article states that while “most bond-fund managers have limited subprime exposure,” the Regions Morgan Keegan Select High Income fund has taken a greater hit.
Read the story at:
http://www.morningstar.co.uk/UK/Funds/article.aspx?lang=en-GB&articleID=51687&categoryID=5
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