In the Margins

Muni bonds likely to suffer from PR debt exposure

July 1, 2016

By InvestmentNews

Congress has stepped up to try to help Puerto Rico find a way out of its suffocating financial woes, which includes $70 billion worth of debt and $40 billion in underfunded pension liabilities. According to Morningstar, there are hundreds of municipal bond funds with varying degrees of exposure to Puerto Rico's debt, with some fund companies clearly more bullish than others on the bonds. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...