Fund Management

Nomura Asset Management Launches High-Yield Bond Fund

Harry Keir Hughes 10 November 2017

Nomura Asset Management Launches High-Yield Bond Fund

The fund will be domiciled in Ireland.

Nomura Asset Management UK has launched a new high-yield bond fund, which looks to make the most of the European high yield bond market’s attractive return.

The Nomura Funds Ireland European High Yield Bond fund will have a performance benchmark of more than two per cent per annum, and will be domiciled in Ireland, the firm said in a statement.

The fund will be managed by Nomura Corporate Research and Asset Management (NCRAM), the firm’s in-house investment boutique specialising in credit investment, and will be lead by Steven Rosenthal, executive director and portfolio manager with NCRAM. The fund will be supported by a team of 12 credit analysts.

The countries where the fund will be available are: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland and the UK.

“Our new European High Yield Bond Fund complements the current range of NCRAM’s High Yield strategies, demonstrating our commitment to enable clients to tackle the ongoing challenge of low yields and volatile markets," said Andreas Körner, head of marketing and client relations, EMEA at Nomura. 

The firm manages $23.5 billion in total assets. In May, this publication reported that Nomura AM had appointed Jon Nash as business development director.

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