Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Financial Services > Mutual Funds > Regions Morgan Keegan

Regions Morgan Keegan




Regions Morgan Keegan Company was renamed as Regions Financial Corp in 1994 to better reflect its growing presence throughout the South. Regions Financial Corporation was formed in 1971 as First Alabama Bancshares Inc., Alabama’s first multibank holding company. With the combination of three well-respected banks, the holding company began operations with a total of 543 million dollars in assets and 40 banking locations in Birmingham, Huntsville and Montgomery, a new regional force in banking and financial services created by the merger of Regions Financial Corp.
 
There are many types of mutual funds such as Regions Morgan Keegan Sel Fixed-Inc A, Regions Morgan Keegan Sel Int TaxEx Bd A,  Regions Morgan Keegan Sel Leader Gr&IncA, Regions Morgan Keegan Sel Leader S/T BdA and Regions Morgan Keegan Sel MidCap Val C
 
Regions Morgan Keegan Sel Fixed-Inc A seeks current income; capital appreciation is a secondary objective. The fund normally invests at least 80 percent of its net assets plus the amount of any borrowings for investment purposes in fixed income investments. It only purchases high-quality securities. The fund's holdings may include fixed-rate, adjustable-rate or stripped bonds U.S. government securities; asset-backed securities and convertible debt. The fund maintains an average weighted maturity of three to 12 years.
 
The Regions Morgan Keegan Select Intermediate Tax Exempt Bond Fund seeks to provide current income that is exempt from federal regular income tax. The fund invests primarily in tax exempt bonds with maturities between three and ten years. The fund aims to invest a large portion of its assets in the securities of issuers located within the southern United States. The fixed income securities in which the fund invests will have a minimum credit rating of "A" at the time of purchase.
 
The investment seeks long-term growth of capital, current income and growth of income. The fund invests primarily in common stocks, preferred stocks, and convertible securities that exhibit potential for growth of earnings while paying current dividends. It does not invest more than 35 percent of assets in short-term investments. The fund changes the composition of its portfolio for investment considerations and not for trading purposes.
 
Regions Morgan Keegan Select Leader Short Term Bond Fund seeks current income and capital appreciation. The fund primarily invests in short-term investment-grade bonds. It may invest up to 10 percent of assets in securities rated below investment grade. The fund may also invest in collateralized mortgage obligations, repurchase agreements, adjustable rate securities, corporate and government debt obligations. 

Regions works to help customers and communities realize their dreams by anticipating, understanding and meeting financial needs through effective solutions.

Financial Services Companies all are here at FinancialBrowsers.com

Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.

Back to Mutual Funds

 
 
Infinit-i