Goldman Sachs Asset Management International is offering 10 Luxembourg-based mutual funds to Italian institutional and retail investors. Banca Popolar e Commercio & Industria, Milan, will be the first Italian bank to market the funds primarily to high-end retail clients. Other distribution arrangements are being pursued. The funds cover equities in Europe, the United States, Asia (ex-Japan), Japan and emerging markets, as well as a global equity portfolio. In addition, Goldman is offering specialist technology, European special opportunities and Japanese small-cap portfolios. A global high-yield fund also is being offered.