Robert bowes believes that mutual funds are "great financial products," which is undoubtedly why the CEO of Bowes Funds, LLC, a New York-based fund advisor, decided to launch the Bowes Bank and Insurance Fund, which began trading in March 1998 at $10 per share.

The Bowes Bank and Insurance Fund invests in the equity securities of U.S. banks and insurance companies (at least 65 percent of the fund's total assets).

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