Julius Baer Investment Management has launched a new fund for US investors called the International Equity Fund II. The fund has been launch...

Julius Baer Investment Management has launched a new fund for US investors called the International Equity Fund II. The fund has been launched after Julius Baer announced the closure of its Equity Fund I.

Baer said the new fund, offered to US investors only, will seek long-term growth of capital by investing in shares of mid and large capitalisation companies internationally. The fund will use the same investment strategy and analysis as the Equity Fund I.

“We have enjoyed substantial growth in the Julius Baer International Equity Fund under the management of Riad Younes and Richard Pell,” said Tony Williams, chief executive of Julius Baer Investment Management.

He added: “While we are pleased the fund has attracted so much interest, continued large inflows could eventually impair our ability to maintain performance integrity and abide by our stated investment objectives. At this time, the responsible action is to close this specific fund to new investors while still making the same basic investment strategy and the talents of the same investment management team available to investors through this new fund.”

As of March 31, 2005, total assets in the Julius Baer International Equity Fund were approximately $12.1 billion.