Frank Russell Co. of Tacoma, Wash., plans to team with Singapore's largest bank to offer mutual funds to Asian investors.

The venture, which is to be launched by midyear, will target individual investors using the distribution network of Singapore's biggest bank, Development Bank of Singapore.

DBS Asset Management, an investment arm of the bank, and Russell will handle the investment management, Russell announced Thursday.

DBS will manage the Singapore-based investments and Russell will provide the offshore funds, all of which are to be offered in asset-allocation accounts.

Russell has used the same partnering strategy in several countries.

It manages more than $40 billion through multimanager funds and advises institutional investors worldwide on how to invest more than $1 trillion of assets.

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