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Posted On: August 20, 2007 by Kirk Reasonover

REGIONS MORGAN KEEGAN RECOGNIZED AS “EXTREME EXAMPLE” WITH “BREATHTAKING” LOSSES - ONE OF “FEW FUNDS” SO HEAVILY CONCENTRATED IN POORLY RATED SUBPRIME INVESTMENTS

Dramatic losses and direct fallout from the subprime crisis appears to be focused on a few funds, like several Regions Morgan Keegan funds.

Trouble was apparent in early July, when rating agencies downgraded securities backed by subprime loans. Fortunately for most investors, few mutual funds were concentrated in investments backed by subprime debt.

Read the story by Morningstar:

http://articles.moneycentral.msn.com/Investing/Morningstar/SubprimeMessSeepsIntoMutualFunds.aspx?page=1

Posted by Kirk Reasonover | | Email This Post

Posted In: Morgan Keegan Bond Funds , Regions Morgan Keegan

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