Bank Funds: Playing Catch UpLisa Sanders
George Saffaye would love the convenience of buying mutual funds at his bank. But banks haven't exactly offered the 29-year-old Manhattan sales manager the kinds of products he wants. "They're all dogs," says Saffaye, echoing a common view held by many investors. Indeed, mutual funds sold by banks have traditionally been heavy on loads and light on providing investors with consistently strong long-term results.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts
- Investors Told to Brace for Steepest Rate Hikes Since 2006
- World's Second-Tallest Building Opens With a Whimper After Delay
- A Manager of $42 Billion Fears Bubble in World's Biggest Stocks
- Longtime NPR Host Tom Ashbrook Is Facing Misconduct Allegations