Chase Manhattan Bank's Global Investor Services is betting that a new service it is developing with a London financial services technology firm will help meet growing demand for fund choice among European investors.

Chase of New York and Investia, Ltd. of London have formed a joint venture, FundsHub of London, the companies announced last week. Chase has invested $20 million for a 35 percent stake in FundsHub, Chase and Investia officials said in interviews. Investia will hold a 55 percent stake in the joint venture, with the management and staff of FundsHub owning 10 percent, said Ron Lay, chief technology officer for Investia.

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