During 2007, thousands of investors in certain Morgan Keegan funds experienced substantial losses as a result of mismanagement.  Morgan Keegan made irresponsible investment decisions and failed to adequately inform many investors about the true nature of the risk they were exposed to.   Due to an overconcentration in highly vulnerable securities tied to the subprime mortgage market, over $1 billion in losses have been incurred.  The relevant Morgan Keegan Funds are as follows:

Ticker Symbol -------------------- Bond Fund ------------------------------------------------ Y-T-D Return ------------------ RMH RMK High Income Fund -65.53% RHY RMK Multi-Sector High Income Fund -65.09% RMA RMK Advantage Income Fund -66.68% RSF RMK Strategic Income Fund -66.92% RHICX RMK Select High Income-C -59.95% MKHIX RMK Select High Income-A -59.74% RHIIX RMK Select High Income-I -59.64% RIBCX RMK Select Intermediate Bond Fund-C -50.54% MKIBX RMK Select Intermediate Bond Fund-A -50.30% RIBIX RMK Select Intermediate Bond Fund-I -50.07%

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The Morgan Keegan Select High Income Fund and Morgan Keegan Select Intermediate Bond Fund were hit particularly hard by the subprime mortgage crisis.  Fund managers invested heavily in new, untested types of mortgage securities and failed to minimize the risk of losses by placing a large portion of the portfolios into collateralized debt obligations (CDO).  As a result of the Morgan Keegan mismanagement, certain bond funds suffered losses between 50% and 67% during 2007.  No other mutual funds in the United States suffered the losses attributed to subprime mortgage exposure.

Are you invested in Morgan Keegan bond funds?  If so you may have grounds for a law suit.  The  Morgan Keegan mismanagement attorneys at Fleming & Associates, L.L.P. are reviewing potential lawsuits on behalf of individuals who suffered financial losses in excess of $10,000.00 as a result of investment in certain Morgan Keegan funds.  Allow us to review your investments to determine if financial compensation may be available by requesting a free Morgan Keegan mismanagement consultation.