. Last Updated: 07/27/2016

Indosuez to Start Fund

LONDON () -- Indosuez Capital said Thursday it is setting up a fund to invest in fixed-income instruments in Eastern Europe, with initial emphasis on Russia.

It said the Indosuez Eastern Europe Fixed Income Fund Ltd. is an open-end vehicle established in the British Virgin Islands. It will be launched Feb. 4.

"The fund will invest in U.S. dollar- and local currency-denominated Eastern European securities in order to provide investors with higher total returns than straight investments in offshore securities with similar characteristics," the company said.