UPDATE: Twitter's stock drops after Oppenheimer turns bearish following price surge
UPDATE: Twitter shares slump after downgrade to underperform
Twitter shares slump after downgrade to underperform
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.