Firstar Corp.'s investment management subsidiary has launched a balanced income fund aimed at conservative investors.

Kicking off with $26 million, the Portico Balanced Income Fund aims to maintain a 50-50 mix of equities and fixed-income securities, said Warren Pierson, a portfolio manager at Firstar Investment Research & Management Co.

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.