Nationwide Financial is capitalizing on its bank channel positioning with plans to distribute mutual funds through its bank network. The Columbus, Ohio-based insurer is hoping to tack on fund sales to the $3.1 billion that moved through its bank partners' hands in 2000.

"Offering mutual funds fits into our focus of providing multiple-solutions strategies," said Matt Riebel, president of Nationwide Financial Distribution Agency, in a statement.

Villanova Capital, working with Gartmore, serves as the investment advisor to the Nationwide Family of Funds.  

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