In the Margins

Just how much did funds lose in PR bonds?

May 16, 2017

By The Wall Street Journal

Mutual funds' losses from soured investments in Puerto Rico bonds total as much as $5.4 billion over the past five years, according to a Wall Street Journal analysis of mutual fund holdings and municipal bond trades. Those losses, which are both actual and unrealized, were in a wide range of funds managed by Franklin Resources, OppenheimerFunds, Vanguard Group, Goldman Sachs Asset Management, Western Asset Management Co., Lord, Abbett & Co., AllianceBernstein Holding, and Dreyfus Corp. Read the original story from The Wall Street Journal