Texas bond funds have been hit hard by the ongoing wildfires.
The state’s top bond manager has warned investors of a $4.5bn shortfall and the loss of a third of the market.
In the coming days, a range of funds will seek to offset losses and bolster their holdings.
The Texas Securities Commission (TSC) will hold an open house on Thursday and Friday.
The regulator said bond funds are likely to be “aggressive” in responding to the fires.
Read more about fires: “We will need to invest a great deal of capital to stay in the game and provide for our people, our property, our economy, our families, our infrastructure, and the people who depend on it,” TSC Chairman Jim Hightower said.
More to come.