BB&T Corp.'s mutual fund family has had a dramatic gain in assets over the past year, and the bank's asset management arm is laying the groundwork for more expansion.

On March 31 of last year BB&T Asset Management had $2.2 billion of long-term mutual fund assets under management; by the end of April 2010 it had $3.1 billion. Tony DeLucia, director of distribution at BB&T Asset Management, credited the improvement to both performance and to new distribution relationships.

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