International Strategy & Investment specializes in economic research, policy and technology strategy research, quantitative research, integrated oil research, company surveys, China research, client projects, and investment strategy. The firm's research reports are sent to its institutional equity and bond clients worldwide. It also manages fixed-income, global bond and equity-oriented funds. ISI's account management business for high net worth clients manages customized United States equity and balanced portfolios, taking into account clients' specific risk tolerance, tax and other estate planning considerations. ISI's U.S. mutual fund family includes the Total Return U.S. Treasury Fund, Managed Municipal Fund, North American Government Bond Fund and Strategy Fund. International Strategy & Investment has offices in New York City and Washington, D.C.