Summer doldrums and fears of a stock market correction have depressed sales of mutual funds at many banks.

Presidents of bank brokerage units said their customers' appetites for mutual funds are tapering off, after record sales in the first and second quarters. Amid stock market highs, some have been waiting for a correction, the executives said.

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.