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Jardine Fleming Investment Trust and Advisory Co. (FITAC) in Tokyo has launched the JFJapan.com Open fund, investing in technology and Internet-related stocks in Japan and overseas. The fund, which is targeted at small corporate and retail investors, was created to take advantage of the growing potential of these industries in Japan, said Kenichi Kaneko, assistant manager-investment trust department. "We expect e-commerce [electronic commerce] to boom in the next century. It has only just started in Japan," he added. Overseas investment is limited to 20% of the fund's assets, which are currently US$114 million. The fund has a minimum investment of Y10,000 with an entry fee of 3%. The new launch levies an annual management fee of 1.7%. JFITAC expects to raise approximately US$167US$208 million in the next six months.