Friday, October 5, 2007

US fund manager Capital enters Japan

BusinessTimes

TOKYO: Top US mutual fund manager Capital Group will start offering two types of funds in Japan later this month to tap into Japan's US$13 trillion (US$1 = RM3.42) of household assets. Capital will sell a fund consisting of global equities and another of global equities and bonds through Nomura Holdings Inc, Japan's largest broker, Takashi Takamura, vice president and senior manager at Capital International KK said. Set up in 1986, Capital International has been focusing on the investment advisory business for institutional investors. - Reuters

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