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Article: Mass. Financial to push international funds. (Massachusetts Financial Services; mutual funds)(Brief Article)
- Article from:
- American Banker
- Article date:
- July 11, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Massachusetts Financial Services is out to persuade bank brokerage customers that international mutual funds have a place in their portfolios.
This fall, the Boston-based mutual fund company will begin marketing through banks three new equity funds that invest solely in stocks issued outside the United States, said Lisa Jones, senior vice president for financial institutions sales.
The company has begun training its 16 bank wholesalers to explain the funds to bank-based brokers, Ms. Jones added.
Selling international funds through bank brokerages promises to be something of a stretch. Though many investment experts maintain that international funds ...