Banks boosted their stock and bond mutual fund assets by more than 50% in the 12-month period that ended March 31, far outpacing the mutual fund industry at large.

Stock and bond fund assets managed by banks grew to $88.1 billion in March 1994, from $57.6 billion a year earlier, according to data prepared for the American Banker by Lipper Analytical Services, Summit, N.J.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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