That’s Your Idea of Conservative?!

A supposedly conservative bond fund owned by a widowed 72-year old Deutsche Bank client turned out to have a risky alter ego. A $500,000 initial investment in June 2007 had nearly vanished by February 2009, a substantial loss for the client’s marital trust. Deutsche is accused of misrepresenting risky the municipal bond fund as safe. Hmmm. Now that’s creative marketing. Here’s the full Investment News story. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090915/REG/909159981/1094/INDaily01&template=printart

September 21, 2009 In: Uncategorized Comments (None)