First State Investments is seeking to launch a fixed income offering for its U.K. investors, Fund Web reports. The asset manager will hire externally for the fund to be rolled out later in 2011.

The firm had launched an onshore version of an offshore product run for retail and institutional investors, Global Agribusiness fund, last year. First State, in total, ran around $24 billion in fixed interest and credit at the end of 2010.

Click here for the story from Fund Web.