{"id":628,"date":"2010-01-11T18:56:29","date_gmt":"2010-01-11T18:56:29","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2010\/01\/schwab_yieldplus_and_morgan_ke"},"modified":"2022-03-09T15:59:25","modified_gmt":"2022-03-09T21:59:25","slug":"schwab-yieldplus-and-morgan-ke","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/schwab-yieldplus-and-morgan-ke\/","title":{"rendered":"Schwab YieldPlus and Morgan Keegan RMK Funds Among Worst Mutual Fund Disasters of the Last Decade, According to US News & World Report"},"content":{"rendered":"

\t\t\t\tUS News and World Report says that the first decade of the 21st Century for fund investors got worse after the dotcom bubble burst in 2000. The media publication picked its 10 worst fund disasters:<\/p>\n

Reserve Primary Fund<\/em>: Investors scrambled to cash in shares after the fund’s price sank to over $1\/share on September 16, 2008. According to US News & World Report, the Reserve Primary Fund’s biggest mistake was relying too much on Lehman Brothers, which left the fund with $785 million in worthless bonds when Lehman collapsed. Meantime, other funds found themselves in trouble as panic spread. Three days later, the federal government said it would temporarily insure money market funds.<\/p>\n

Market timing scandal of 2003:<\/em> Funds were accused of illegal late trading and front running that showered favor on more influential investors-leaving ordinary retail investors in a state of mistrust toward the institutions they had turned to for securing their retirement savings. Bank of America<\/a>, Janus, Putnam, and PBHG were just a few of the financial firms accused of market timing, though the practice appeared to have permeated the entire fund industry to some extent.<\/p>\n

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

US News and World Report says that the first decade of the 21st Century for fund investors got worse after the dotcom bubble burst in 2000. The media publication picked its 10 worst fund disasters: Reserve Primary Fund: Investors scrambled to cash in shares after the fund’s price sank to over $1\/share on September 16, […]<\/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":[3910],"tags":[],"class_list":["post-628","post","type-post","status-publish","format-standard","hentry","category-bond-funds"],"yoast_head":"\nSchwab YieldPlus and Morgan Keegan RMK Funds Among Worst Mutual Fund Disasters of the Last Decade, According to US News & World Report — Investor Lawyers Blog — January 11, 2010<\/title>\n<meta name=\"description\" content=\"US News and World Report says that the first decade of the 21st Century for fund investors got worse after the dotcom bubble burst in 2000. 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