Although it will not hold Japanese equities, a new fund launched by Legg Mason Investments will try and tap into a perceived demand for the Southeast Asian markets, the company announced.

The fund is the first British-based Asian ex-Japan equity fund, and will be designed to generate capital with its 50 to 70 holdings. Legg Mason Investments is the international wing of Legg Mason, Inc., which possesses $265 billion worth of assets according to numbers released in December. The international unit oversees $3.5 billion of assets, both offshore and onshore.

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