Philam Asset Management has launched a new dollar-denominated mutual fund. The PAMI Asia Balanced Fund will invest 50% of its portfolio in Asian equities and 50% in Asian fixed income and money market instruments. The fund will be 50% benchmarked against the MSCI Asia Pacific ex-Japan and 50% against the HSBC Asian Local Bond Index. Citibank is acting as the custodian of the fund.

Click here for the release from Philam Asset Management.