英语翻译Oppenheimer Flop Can Be Avoided in College Plans:John F.
首页/题库/443℃/2024-07-05 04:01:39
英语翻译
Oppenheimer Flop Can Be Avoided in College Plans:John F.Wasik
Does your college savings fund look like a frat house after a destructive all-night party?
It shouldn’t.After all,college funds should be well protected because unlike retirement,you don’t have 30 years or more to build up a kitty.
Safety wasn’t part of the curriculum,though,in far too many 529 savings plans,named after the relevant section of the Federal Internal Revenue Code.Administered by state treasurers and managed by mutual-fund companies,such plans had a 21 percent decline in assets last year,according to Boston-based Financial Research Corp.
While it’s hard to say how much of that drop was due to withdrawals and the stock market’s dive,some of those losses could have been avoided.Plain-English disclosure and oversight would have kept investors out of the riskiest funds.
In what has become the poster child for wretched 529 fund management,OppenheimerFunds is under investigation by five states for its management of two bond funds that were part of plans in Illinois,Maine,New Mexico,Oregon and Texas.
Oppenheimer has only said “it acted appropriately in managing the funds for which it serves as investment adviser.”
For some reason,Oppenheimer’s Core Bond and Champion Income funds had been investing in obscenely risky mortgage security derivatives.
Fund Losses
The Champion Income fund lost 79 percent last year and the Core Bond fund dropped 36 percent,compared with a loss of about 8 percent for their peers,according to Bloomberg data.Bond funds aren’t supposed to lose this kind of money.
How did these funds slip into college savings plans?State treasurers and independent ratings companies were blindsided.
The Web site of the Illinois Bright Start plan,whose investors lost an estimated $85 million in the Oppenheimer funds,promoted its overall program as “a top-rated plan by Morningstar based on diversification,fees,quality of underlying investments and flexibility of investment options with an emphasis on the quality of the underlying investments.”
Oppenheimer was dropped from the Illinois plan on Dec.4 last year and is being probed by the state.
优质解答:
Oppenheimer拍击声在学院计划可以被避免:约翰F.Wasik
Does您的学院储款资金看起来在一个破坏性的整夜党以后的一个兄弟会会馆?终究It shouldn’t.应该很好保护学院资金,因为不同于退休,您don’t有30年或更多加强全部赌注.课程的Safety wasn’t零件,虽然,在许多529储款计划,命名以联邦国内税收代码的相关的部分.执行由政府财务员和处理由共同基金公司,这样计划去年有一种21%衰落在财产,根据基于波士顿的金融研究公司.
While艰苦it’s说多少的那下落归结于撤退和股票market’s下潜,其中一些损失可能被避免了.简单英国透露和失察将保留投资者在最危险的资金外面.
In什么适合孤苦529基金管理的海报孩子,OppenheimerFunds由它的管理的五个状态是在调查中
大体是这个意思,
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