Nomura Asset Management (AM) is planning to launch more UCITS funds for the Hong Kong retail market as part of the firm’s global push to grow its wholesale business.
Davy Yuen, head of wholesale business at Nomura AM Hong Kong, told FSA in an interview that Hong Kong is a key priority for the firm in Asia due to its mature and developed fund market.
“Our goal is to introduce some of our best-selling funds from our global UCITS platform and bring them to the Hong Kong market,” he said.
Last month, Nomura AM launched three equity and two fixed income funds in Hong Kong.
Yuen said the firm is actively working with retail banks, insurance companies, platforms and independent financial advisors to expand its distribution network in the city.
He hinted that Nomura AM could fill some gaps in the retail market for more diversification options, yield enhancing strategies and innovation-led strategies.
“Wholesale distributors are quite excited to bring our products to clients because Nomura has been in Hong Kong for decades and our capability, particularly in the Japanese equity market, is well-known,” he said.
“Japan is starting to gather attention from investors, and as one of the largest asset managers from Japan, we are known for our expertise and on the ground capabilities in the region,” he added.
Of the funds already launched in the city, one includes its actively managed Japan Strategic Value fund. Another was the firm’s US High Yield Bond fund, which Yuen said is one of their top selling funds globally.
