Chase Manhattan Corp. is the latest U.S. firm to eye Japan as a new frontier for mutual fund distribution.

The nation's largest bank is getting ready to ask Japan's Ministry of Finance for permission to market its proprietary mutual funds there, said William A. Semmes, international officer for Chase's Vista Funds. The bank hopes to begin a Japanese marketing initiative by the end of the year, initially concentrating on marketing its funds to pension fund managers, he said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.