MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 25, 2002 Fifty Funds Had Indirect Enron Exposure Up to 50 mutual funds, including funds from American Express' AXP Funds, Putnam Investments, the Vanguard Group, Travelers and Prudential, faced exposure to Enron through one of the collapsed company's related entities. The exposure of the funds was small in relations to the fund assets, reports the New York Times. The investment was held in bond funds and came in the form of a private placement issued by Osprey Trust. The article suggests that some of the funds owning the debt may not have yet realized the diminished value of their positions. Printed from: MFWire.com/story.asp?s=1708 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |