MEMPHIS, Tenn. (February 1, 2008) — The Regions Morgan Keegan Select Value Fund (symbol: RVLAX) was ranked #1 for overall performance for 2007 by The Wall Street Journal. 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 in The Wall Street Journal’s Category Kings rankings among a universe of 503 large-cap value funds based on one-year total returns (changes in net asset values with reinvested distributions) as of December 31, 2007. The RMK Select Value Fund earned a 19.2% return for the time period. Furthermore, the fund’s 3.4% return for December 2007 was the highest among the 537 large-cap value funds ranked by The Wall Street Journal for that one-month time period.
"The fund's performance was boosted by strategically weighted positions in the materials and energy sectors, combined with reduced emphasis in the financial and consumer discretionary sectors," said Walter A. "Bucky" Hellwig, senior vice president and senior portfolio manager for Morgan Asset Management.
"Within the materials sector, our holdings in agricultural stocks particularly added to performance in the fourth quarter" added Hellwig, a 35-year industry veteran who has served as portfolio manager for the Value Fund since 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
