FundTrack Does a Schwab Redux
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Friday, May 2, 2008

FundTrack Does a Schwab Redux

As the MFWire reported last Friday, Schwab is offering investors in its Schwab YieldPlus Fund, which lost 26 percent of its value this year, settlements. Today's WSJ FundTrack by Diya Gullapalli tackles the subject, reminding readers that there is precedent for offering investors who lost money on supposedly conservative investments settlements. Heartland Advisors, in 2002, paid out $14 million to settle a class action lawsuit over losses in two bond-funds..

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