Nomura Reaches US$1bn AUM in Japan UCITS Fund
Nomura Asset Management U.K. Ltd. announced April 2 that it has seen strong inflows into its Japan Strategic Value Fund, enabling it to surpass $1 billion of AUM and become one of the biggest funds in the sector.
The election of Prime Minister Shinzo Abe and nomination of new Bank of Japan Governor Haruhiko Kurod a have drawn investor focus back to Japan. Coupled with a weakening Yen, conditions are more favourable for Japanese equities than they have been for some time.
The fund, managed entirely through a bottom-up approach, has seen inflows from a variety of European and Asian investors. The fund has outperformed the TOPIX by 1.18% annualised since its inception in August 2009, whilst the underlying strategy, managed by the same team has outperformed TOPIX by 6.13% on an annualised basis since its inception in 2000.*