Morgan Keegan Bond Funds
Zamansky & Associates is investigating whether Memphis Tennessee firm Morgan Keegan misled investors and acted inappropriately in the management of several of its fixed-income bond funds. Several of the firm’s bond funds have sustained significant losses and investors have been left wondering if this was due to the fund managers shifting away from strategies originally promised or if they should have been placed into the funds to begin with. The funds we are investigating include:
- Regions Morgan Keegan Select Intermediate Bond Fund - A, symbol: MKIBX
- Regions Morgan Keegan Select Intermediate Bond Fund - C, symbol: RIBCX
- Regions Morgan Keegan Select Intermediate Bond Fund - I, symbol: RIBIX
- Regions Morgan Keegan Select High Income - A, Symbol: MKHIX
- Regions Morgan Keegan Select High Income - C, Symbol: RHICX
- Regions Morgan Keegan Select High Income - I, Symbol: RHIIX
- RMK High Income Fund - RMH
- RMK Strategic Income Fund - RSF
- RMK Multi-Sector High Income Fund - RHY
- RMK Advantage Income Fund – RMA
Investors claim that these funds were overly weighted with risky assets derived from the subprime mortgage market. Such investments include collateralized debt obligations, mortgage backed securities, and other illiquid assets that have sustained unacceptable losses.
Zamansky & Associates is examining whether investors were unsuitably recommended these funds and whether the managers invested in overly risky assets. Contact us to learn about our investigation or for a free consultation.