In Brief: BT Trust Data Service To Be Sold to Reuters

Reuters America Inc. said Tuesday that it has signed a letter of intent to buy BT. Alex. Brown International's investment trust data service business.

The service provides benchmarking data on investment trusts and is used by such publications as The Financial Times. BT Alex. Brown is keeping its investment trust brokerage division.

Reuters said in a statement it plans to expand the service to include coverage of offshore closed-end and international funds.

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