Top Bank Mutual Funds:
Everyone knows it's been a miserable year for bank-run mutual funds as a whole, but a number of individual funds have bucked the trend and have drawn in large amounts of new money.For the industry as a whole, the news was glum. Net inflows in the first half of 2000 were a meager $1.3 billion, less than half the $2.9 billion inflow during the same period of 1999, according to Boston-based Financial Research Corp., a financial services consulting firm. That was particularly bad considering that money flows into all equity and fixed-income funds--not only those of banks--continued to boom. Net inflows rose to $115.3 billion in this year's first half, up 12% from $102.9 billion in the 1999 period, says FRC.