Asset and Performance Rankings of Bank-Managed Funds, Yearend '95
Buoyed by bullish stock and bond markets ...
* Banks continued to attract assets to their mutual funds. At the end of 1995, the 118 banking companies with proprietary funds held $391 billion, according to Lipper Analytical Services. That's a 14% share of the $2.82 trillion invested in all funds.
* But bank-fund asset growth during the year didn't keep pace with the mutual fund industry as a whole. While bank funds grew by 27%, the industry overall grew 31%.
* Nevertheless, bank funds turned in strong performance in total returns. The average bank stock fund delivered 26.33%, 1.68 percentage points more than the average for all stock funds, according to CDA/Wiesenberger. And bank bond funds kept pace with the rest of the industry.
* So what should banks be doing to pick up the asset growth?
This special report suggests that bankers could be doing more to effectively market mutual funds. The report also takes the pulse of asset and total-return performance at dozens of banks.