|Last Price$14.78||Day Change (%)1.51%|
|Open Price$14.57||Day Change ($)0.22|
|Day Range14.57–14.80||52-Week Range13.58–21.18|
As of Fri 9/23/2016 5:28:00 PM | USD
Of the muni bond funds tracked by Morningstar Inc., OppenheimerFunds stands out as the biggest fan of debt issued by financially-strapped island nation.
Oppenheimer has about $3.5 billion in Puerto Rican debt spread across 19 funds, according to Morningstar.
UPDATE: Time to hitch a ride on railroads and these other value stocks
Manager changes at MFS and Pioneer, Lord Abbett to merge away its small-blend fund, and Alger hires three former members of Allianz's international equity team.
Puerto Rico's governor says the island's $72 billion debt load is too big to pay. OppenheimerFunds , the largest mutual-fund holder of the bonds, disagrees.
In its new endeavor, OppenheimerFunds is partnering with the National Museum of Mathematics (MoMath) and Cross-Cultural Solutions
OppenheimerFunds has promoted Art Steinmetz to president. He is currently executive vice president and chief investment officer, where he oversees all equity, fixed income and alternative investment capabilities including investment strategy, strategic planning and personnel.
The top investment strategists say Mr. Trump's anti-trade, anti-immigration and isolationist policies would also hurt the U.S.'s standing in the world.