Nomura Asset Management has gained Securities and Futures Commission (SFC) approval to market five of its UCITS funds to retail investors in Hong Kong.
The authorised funds include: the Nomura Japan Strategic Value Fund, the Nomura India Equity Fund, the Nomura Asia Ex Japan High Conviction Fund, the Nomura US High Yield Bond Fund and the Nomura Asia Investment Grade Bond Fund.
“Recently, we have seen an increase in demand from retail investors for best-in-class products across different asset classes,” said John Liu, president and managing director of Nomura Asset Management Hong Kong.
“The authorisation for our funds marks an important milestone in our retail journey, which will be a key strategic focus area for us in the medium to long term.”
The three equity funds all have concentrated portfolios, with Japan Strategic Value holding 86 positions and Asia ex-Japan High Conviction holding 36 positions. India Equity holds between 40 and 50 positions.
Kenichi Suzuki, Nomura Asset Management’s senior managing director, head of global business unit, said: “This is the first step to expand our fund offerings in Hong Kong which is a key retail market in Asia and we are delighted to continue growing the product suite going forward.”
Nomura Asset Management is headquartered in Tokyo, Japan with $584bn in assets under management.
