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BANK MUTUAL FUNDS MAKE NEWS AS ASSETS AND NUMBERS GROW; INDUSTRY EXECUTIVES AVAILABLE TO DISCUSS TRENDS

 BANK MUTUAL FUNDS MAKE NEWS AS ASSETS AND NUMBERS GROW;
 INDUSTRY EXECUTIVES AVAILABLE TO DISCUSS TRENDS
 With the number of banks offering mutual funds increasing daily, Arlen Financial Communications, specialists in creating and implementing marketing communication programs for bank proprietary and other mutual funds, announced that spokespersons at major bank mutual funds and companies that distribute these funds are available to comment on the changes that are sweeping the industry.
 "Commercial banks and thrifts now manage more than $120 billion in mutual fund assets, with over 50 percent of this representing retail dollars," said Laura Berger, vice president of Arlen. "The number of bank funds has reached 680, more than double that of just two and half years ago. The rapid growth and retail focus of these funds are important trends that are not only changing the banking and mutual fund industries, but are also affecting the way individuals invest their money."
 As a result, there is increasing coverage of banks and mutual funds in the trade and consumer press, Berger noted. Having worked with both bank and non-bank mutual funds over the years, Arlen Financial Communications is a major source of up-to-date information. Editors and reporters who plan to write on the subject and want to speak with bank mutual fund experts can contact Arlen. Executives from the following companies are immediately available to talk with the press:
 Security Pacific Investment Group, investment advisors for the Pacific Horizon family of mutual funds with nearly $9 billion in assets. This group will continue as advisor for the Pacific Horizon Funds after the merger of Security Pacific National Bank and BankAmerica.
 Concord Financial Group, Inc., with over $16 billion in mutual fund assets under administration, is one of the largest distributors, sponsors and administrators of bank mutual funds. They are innovators in bank funds and their Infinity Funds allow banks to have their own proprietary funds. Concord distributes funds of Chase, Security Pacific, U.S. Trust and Barnett banks.
 In addition, executive and investment managers from leading mutual fund families -- Pacific Horizon, Quest for Value and Lexington -- can discuss industry trends as well as investment strategies and the outlook for stocks and bonds.
 Arlen also represents the new Covenant Portfolio, a fund that invests only in companies that meet the highest standards of corporate responsibility and ethical business behavior. Covenant's president is available to discuss socially responsible investing.
 To speak with executives of these companies, call Laura Berger, Jim Brown, Stan Appenzeller or Patricia Limoges at Arlen Financial Communications, 212-966-5100.
 CONTACT: Laura Berger or James Brown of Arlen Financial Communications, 212-966-5100.
 -0- 5/6/92


CO: Arlen Financial Communications ST: New York IN: FIN SU:

PS-CK -- NY030 -- 7020 05/06/92 11:05 EDT
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Publication:PR Newswire
Date:May 6, 1992
Words:453
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