The $125 million Oppenheimer Rochester Virginia Municipal Bond Fund (ORVAX) is down more than 15% this year, because of it contains 33% of Puerto Rican bonds, which have underperformed the broad municipal bond market. The S&P Municipal Bond Puerto Rico Index was down 21% year-to-date through Oct. 10, 1,900 basis points worse than the S&P […]
The $125 million Oppenheimer Rochester Virginia Municipal Bond Fund (ORVAX) is down more than 15% this year, because of it contains 33% of Puerto Rican bonds, which have underperformed the broad municipal bond market. The S&P Municipal Bond Puerto Rico Index was down 21% year-to-date through Oct. 10, 1,900 basis points worse than the S&P […]
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