ST. LOUIS - Mercantile Bancorp. has rolled out its 11th Arch mutual fund, an offering that invests in tax-exempt state and municipal debt.

The Arch short-intermediate municipal portfolio has gathered $11 million in assets since it was launched last month.

The Arch funds are managed by Mississippi Valley Advisors, a unit of Mercantile.

With $1.7 billion of assets, the St. Louis banking company's Arch funds ranked 43 among bank-managed funds as of March 31, according to Lipper Analytical Services Inc., Summit N.J.

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.