MEMPHIS, Tenn. – July 17, 2008 - The Regions Morgan Keegan Select Value Fund I shares (symbol: RVLIX) was among the leaders in the most recent rankings of large-cap value funds published in The Wall Street Journal's Quarterly Mutual Fund Review. 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 fourth-best best performance in the Wall Street Journal’s quarterly Category Kings rankings among a universe of 551 large-cap value funds based on one-year total returns (changes in net asset values with reinvested distributions) as of June 30, 2008. For the trailing twelve months, the fund returned -1.6 percent versus a -17.0 percent return for the category average.
"The fund's performance was boosted by strategically weighted positions in the materials and energy sectors, combined with reduced emphasis in the financial sector," said Walter A. "Bucky" Hellwig, senior vice president and senior fund manager for Morgan Asset Management.
"Stock selection was an especially important factor in the difficult market environment," added Hellwig, a 35-year industry veteran who has served as portfolio manager for the Value Fund since September 2004.
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 adviser to Regions Morgan Keegan Trust and Regions Morgan Keegan Select Funds. With locations throughout the South, Morgan Asset Management, an affiliate of Morgan Keegan & Co. Inc., manages more than $31 billion for institutions and high net worth individuals. Additional information about Morgan Asset Management, Morgan Keegan and Regions — a member of the S&P 100 Index — can be found at www.morgankeegan.com and at www.regions.com.
Contact:
Eric Bran
Media Relations
Morgan Keegan & Co., Inc.
901.524.4114
eric.bran@morgankeegan.com
