|
|
Article: Bank Brokerage Clients Rethinking Blue Chips.
- Article from:
- American Banker
- Article date:
- August 21, 1997
- Author:
CopyrightCOPYRIGHT 1997 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)
|
Amid concern that the run-up in stocks of big domestic companies is cresting, bank brokerage customers are beginning to look beyond blue chip portfolios.
That's the word from bank brokerage chiefs, mutual fund company executives who focus on the bank channel, and industry observers.
In a round of interviews last week, these experts said international stock funds clearly are grabbing bank brokerage clients' interest. And small-cap funds-whose performance this year has been less than stellar-are attracting renewed attention.
"Everybody's appetite for traditional large-cap growth issues is diminishing," said Burton J. Greenwald, a mutual fund consultant ...