Japanese firm plans Cambodian fund for later this year

Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to eventually grow to about 1 billion yen (US$12 million) and planned to run the fund for about 10 years, Asset Design director  Max Takahashi said.