Local investment management firm Bermuda Investment Advisory Services Ltd. will today launch a family of mutual funds aimed at simplifying investment choices for businesses and high net worth individuals.

Cayman Islands-registered BIAS Global Portfolios SPC offer asset allocation packages tailored to satisfy the risk profiles of institutional and high net worth clients, the company said.

The funds are:

l Short Duration Income Fund US$: This fund is geared to captive insurance companies which require a good level of income with very low risk. At launch it is expected to provide investors a better-than-money market yield of approximately 5 percent and will be open to high net worth individuals and their trusts.

l Global Balanced Fund US$: This fund is suitable for conservative to moderate investors who seek medium to long-term real capital appreciation. It invests in a mixture of money market, fixed income, and equities with the objective of providing out performance through strategic and tactical asset class shifts.

l Global Equities Fund US$: Investors who seek maximum growth with a reasonable level of risk will find this asset allocation package most suitable for their needs. Strategic allocations to equities are made in various geographic, sector, style, and market capitalisations to exploit long-term trends.

The company said The Short Duration Fund will have accumulation units (A shares) as well as income distribution units (I shares). A $100,000 minimum investment is required for income distribution units whilst a minimum of $25,000 is required for accumulation units.