Nine leading mutual fund companies saw their combined sales through banks plunge by one-third in 1994, to $10.8 billion, according to a report by a Boston consulting firm.

Seven of the nine fund companies studied by Cerulli Associates reported that their business through the once-booming bank channel had shriveled, by 20% to 70%.

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.