Julius Baer Investment Management said on Wednesday that it plans to launch the Julius Baer International Equity Fund II, a new no-load fund that will seek long-term growth of capital by investing in shares of mid- and large-capitalization companies internationally.

JBIM also said it had closed its Julius Baer International Equity Fund to new investors effective May 4, 2005. The fund will, however, still remain open to existing shareholders and shareholders who invest through existing 401(k) programs.

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