Bank customers have been cashing in mutual fund shares at a slightly higher rate than brokerage clients, but fund executives say the trend is not worrisome.

At Dreyfus Corp., redemption rates on mutual funds sold through banks are running at an annualized rate of around 10%, a few notches higher than the 8% rate for funds sold through brokerage firms, according to Elie Genadry, president of the company's institutional services division.

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