In an move to attract cautious bank customers to new mutual fund products, Dreyfus Corp. is introducing funds that invest in insured municipal bonds.

Dreyfus recently began marketing an insured municipal-bond fund for California residents, and plans to launch eight more state-specific funds over the next six months, said Elie Genadry, president of institutional services at the New York-based mutual fund company.

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.