Fund Management
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.
