Bond Fund Targets Japanese Retail

As expected, Bradesco has signed deal with Bank of Tokyo-Mitsubishi to offer Brazilian fixed-income investment funds to Japanese investors. Bradesco’s asset management unit will manage the first fund, to be distributed in Japan by Mitsubishi’s asset management arm. The banks did not give an indication of the fund’s size. The operation is part of the Brazilian bank’s plan to expand its presence internationally, following the announcement earlier this month that it plans to open brokerage units in Dubai, Tokyo and Hong Kong.