MEMPHIS, Tenn. – November 16, 2007 - The Regions Morgan Keegan Select Value Fund A shares (symbol: RVLAX) is the #1 value fund for year-to-date performance in the most recent rankings of large-cap value funds published in The Wall Street Journal's “Category Kings” section. The fund is part of the Regions Morgan Keegan Select Fund Family managed by Morgan Asset Management, the investment advisory arm of Regions Financial Corporation (NYSE: RF).
The RMK Select Value Fund posted the best performance among a universe of 504 large-cap value funds based on one-year total returns (changes in net asset values with reinvested distributions) as of October 31, 2007. The RMK Select Value Fund earned a 24.4% return for the time period. The fund also posted the best performance among 519 large-cap value funds in the year-to-date category with a 19.2% return since January 1, 2007.
"The fund's performance was boosted by strategically weighted positions in the materials and energy sectors, combined with reduced emphasis in the consumer discretionary sector," said Walter A. "Bucky" Hellwig, senior vice president and senior portfolio manager for Morgan Asset Management. "Stock selection was an especially important factor in the current market environment where volatility is on the upswing," added Hellwig, a 34-year industry veteran who has served as portfolio manager for the Value Fund since September 2004.
About Morgan Keegan & Company Inc.
Morgan Keegan & Company Inc., one of the nation’s largest regional full-service brokerage and investment banking firms, is the securities brokerage subsidiary of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan has over 400 offices. Additional information about Morgan Keegan and Regions — a member of the S&P 100 Index — can be found at www.morgankeegan.com and www.regions.com.
About Morgan Asset Management
Morgan Asset Management, Inc. is the investment advisory arm of Regions Financial Corporation (NYSE: RF). Morgan Asset Management is the investment advisor to Regions Morgan Keegan Trust, Regions Morgan Keegan Select Funds, Morgan Keegan Select Fund, Inc., RMK Advantage Income Fund, Inc., RMK High Income Fund, Inc., RMK Multi-Sector High Income Fund, Inc. and RMK Strategic Income Fund, Inc. With locations throughout the South, Morgan Asset Management, an affiliate of Morgan Keegan & Co. Inc., manages more than $34 billion for institutions and high net worth individuals.
Contact:
Eric Bran
Media Relations
Morgan Keegan & Co., Inc.
901/524.4114
