Bradesco, Mitsubishi to Bring Brazil Bond Fund

Mitsubishi UFJ Asset Management and Bradesco Asset Management are expected to announce today a mutual fund that invests in Brazilian bonds. Japanese press says the fund – targeted at Japanese investors – could draw several hundred billion yen, or several hundred million dollars in assets. A Bradesco Asset Management official says the fund will be announced today, but declines to confirm any specific details. It is expected that Bradesco will manage the fund and arms of Mitsubishi Financial Group will market it in Japan.