Expecting the economy, and markets, to rebound this year, some banks’ investment strategists and mutual fund executives are creating products, hiring, and forming new units that emphasize the growth-oriented investing style.

"PNC and many institutions are looking to expand their product set. We want to be able to provide diversification into many areas, especially on the aggressive growth side," said Jeffrey Kleintop, the chief investment strategist at PNC Advisors, a unit of PNC Financial Services Group Inc. in Pittsburgh.

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