{"id":3688,"date":"2016-04-30T00:00:00","date_gmt":"2016-04-30T05:00:00","guid":{"rendered":"https:\/\/stockbrokerfraudblog.blawgcloud.com\/2016\/04\/oppenheimer_still_has_substant"},"modified":"2022-03-09T15:57:54","modified_gmt":"2022-03-09T21:57:54","slug":"oppenheimer-still-has-substant","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/oppenheimer-still-has-substant\/","title":{"rendered":"Oppenheimer Still Has Substantial Funds in Puerto Rico Municipal Bond Debt"},"content":{"rendered":"

\t\t\t\tAccording to InvestmentNews<\/em>, even with Puerto Rico heading toward default on its $72 billion in municipal debt, there are a number of funds that continue to hold the U.S. Territory\u2019s bonds in their portfolios, such as the:<\/p>\n

\u00b7 U.S. Oppenheimer Rochester Maryland Municipal (ORMDX)\u2014Morningstar said that as of the conclusion of February the fund had 48.2% of assets in Puerto Rican debt.<\/p>\n

\u00b7 Oppenheimer\u2019s (OPY)<\/a> Virginia municipal bond fund (ORVAX) reportedly had 40.8% of its assets in the U.S. territory.<\/p>\n

\u00b7 Eaton Vance Oregon Municipal Income (ETORX) had 9.31% of its portfolio in Puerto Rico bonds.<\/p>\n

\u00b7 MainStay Tax-Free Bond (MKINX) had 8.8%.<\/p>\n

InvestmentNews <\/em>also reports that during a conference call on April 7, management for Oppenheimer Rochester said that about half of its funds\u2019 holdings were in COFINA bonds or general obligation bonds, both from Puerto Rico.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to InvestmentNews, even with Puerto Rico heading toward default on its $72 billion in municipal debt, there are a number of funds that continue to hold the U.S. Territory\u2019s bonds in their portfolios, such as the: \u00b7 U.S. Oppenheimer Rochester Maryland Municipal (ORMDX)\u2014Morningstar said that as of the conclusion of February the fund had […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3922,3786,4039,3755],"tags":[],"class_list":["post-3688","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-municipal-bonds","category-oppenheimer","category-puerto-rico-bond-funds","category-ubs"],"yoast_head":"\nOppenheimer Still Has Substantial Funds in Puerto Rico Municipal Bond Debt — Investor Lawyers Blog — April 30, 2016<\/title>\n<meta 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