The way Charles J. Mohr of Bisys Group sees it, bank mutual fund families are in the catbird seat at last.

Banks that manage funds have long been criticized for their lopsided weighting in money market and fixed-income portfolios. These investments made up two-thirds of banks' mutual fund assets at midyear, versus just under half for the fund industry as a whole, according to Lipper Analytical Services, Summit, N.J.

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