Nomura prepares to launch its Japanese small-cap fund
Nomura Asset Management is set to launch a Japanese small-cap fund, following its expansion plans in Spain.
Domiciled in Luxembourg, the fund will be added to its existing umbrella ' the Japan Fund, the Asia Pacific fund and the Asia ex-Japan fund.
The fund will focus primarily on small-cap equities. Nomura Asset Management is a value-focused manager and will look at companies that are trading below their historic value. It uses a quantitative method of research and uses the skills of 23 analysts in Japan.
Mark Roxburg, head of marketing and client services at Nomura Asset Management, said: 'The new fund will be a natural addition to our product range. We believe a number of asset managers who already have large-cap equities in-house may want exposure to a Japanese small-cap fund. Here we can offer these companies our services.'
The fund is expected to be launched in the fourth quarter. Details regarding fund manager, minimum investment and fees are yet to be finalised. However, there will be both an institutional and retail share class.
The fund will follow the registration of the Nomura Global Fund range with the Spanish stock exchange, the Comision Nacional del Mercado de Valore (CNMV).
In Spain, as well as sell its Luxembourg range of funds, it will also look for opportunities to act as a sub-advisers to asset managers in the country.
The company plans to take advantage of the Spanish pension reform, which means all pension funds must be outsourced to external asset managers before November 2002. Roxburgh is expecting its fund range to be outsourced to asset managers in Spain.
Distribution will be through banks as well other sources such as fund supermarkets.
The Nomura Asset Management Group manages over $168bn of assets globally and employs nearly 778 staff world-wide including approximately 200 portfolio managers and analysts.
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From 6 April 2019