Lord Abbett’s joint venture in China, Lord Abbett China Asset Management, is planning to offer its second mutual fund, a balanced fund that will invest in domestic stocks and bonds, Reuters reports.

The company is working with its custodial bank, China Construction Bank, to prepare for the application, said Yang Yifeng, head of Lord Abbett China Asset Management. The fund will have wide latitude on how much of its assets will be in stocks, anywhere between 30% and 95%.

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