Mutual fund investors shunned stock funds for money market and bond funds in January, but such a conservative shift does not favor banks the way it did a few years ago, experts said.

"I don't see it as a huge benefit for banks," said Louis Harvey, president of Dalbar Inc., a Boston consulting firm. "Banks are still going to have to displace a bunch of people out there who have good reputations and highly respected, conservative products."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.