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Examining Your Fund's Puerto Rico Exposure

2015-07-02 09:03:32| Agriculture - Topix.net

Greece or Puerto Rico, investors have their pick of default poison, but investors in fixed-income, exchange-traded and mutual funds would do well to monitor goings-on in Puerto Rico because the U.S. territory's imminent default could affect some well-known municipal bond funds. So dire is the situation in Puerto Rico, Gov. Alejandro Garca Padilla told the New York Times over the weekend that government finances there are "in a death spiral."

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