Defying widely held views about economies of scale, most banks that manage mutual funds are getting by with relatively small operations.

Of the 113 bank holding companies that managed mutual funds at yearend, 71 controlled assets of less than $3 billion. And 46 of those managed less than $1 billion. By contrast, some experts have contended that fund families need at least $50 billion to be truly viable.

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.