Nomura Funds Ireland –
Emerging Market Corporate Bond Fund
Alpha from country and credit selection, with integrated ESG research
Nomura Funds Ireland – Emerging Market Corporate Bond Fund
Emerging Market Corporate Bond Strategy
The Nomura Funds Ireland plc – Emerging Market Corporate Bond Fund seeks to add value through both bottom-up credit selection and top-down country allocation, harnessing our corporate credit and emerging markets sovereign research expertise.
NCRAM: Our Specialist Credit Research Investment Boutique
The Nomura Funds Ireland plc – Emerging Market Corporate Bond Fund is managed by Nomura Corporate Research and Asset Management Inc. (“NCRAM”), a Nomura Asset Management affiliate. NCRAM was established in 1991 and is an analyst-driven investment boutique that specialises in high yield and emerging markets credit. NCRAM has managed emerging markets credit portfolios for more than 25 years.
Benefits and Differentiators
The “Strong Horse” Philosophy
NCRAM believes a total return approach driven by research is the best way to generate alpha in emerging markets credit. We describe our investment philosophy as the “Strong Horse” philosophy. Strong Horse companies can carry their debt load through good times and bad. These companies generally have a positive ability to de-lever their balance sheet by generating strong, positive cash flows through sustainable business practices. The creditworthiness of these companies tends to increase over time, as will their credit ratings.
Our Investment Approach
- Fundamentally driven, credit intensive research analysis.
- Proprietary sovereign analysis targeting alpha generation and risk mitigation through country allocation.
- Seeks to promote certain environmental characteristics with a binding constraint on carbon emissions.
- Attempts to avoid credit losses.
- Seeks opportunistic credit quality positioning during the various phases of the credit and economic cycles.
- Diversified portfolio of issuers.
- Disciplined risk management through country/sector/industry limits and individual holdings limits.
- The fund is an Art. 8 fund according to the EU Sustainable Finance Disclosure Regulation (“SFDR”).
Potential significant risks
Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries. Investment in high yield securities generally entails increased interest rate, credit, liquidity and market risk. The Sub-Fund may invest in sub-investment grade debt securities, as well as securities without rating, in the expectation that positive returns can be made, however this may not be achieved.
| Investment Objective | The Emerging Market Corporate Bond Fund targets attractive risk-adjusted returns delivered through both income and capital gains. |
| Fund Size | USD 32.3 million (as at 31.03.2024) |
| Investment Company | Nomura Asset Management U.K. Ltd. |
| Lead Fund Manager |
Meno Stroemer, |
| Launch Date | 12.09.2023 |
| Base Currency | USD |
| Benchmark | J.P. Morgan CEMBI Broad Diversified Index |
| Domicile | Ireland (Nomura Funds Ireland Plc) |
The fund is registered in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain and Sweden, Switzerland and the United Kingdom. The registration for Iceland is pending.
Nomura Funds Ireland plc is an open-ended investment company with variable capital, incorporated in Ireland on 13th April, 2006 under the Act with registration number 418598. The Fund has been authorised by the Central Bank as an UCITS pursuant to the UCITS Regulations. The Fund is structured as an umbrella fund consisting of different Sub-Funds each comprising one or more Classes. The Fund has segregated liability between each of its Sub-Funds.
Full information on the presented funds, which is relevant for an investment decision, can be found in the fund´s most recent sales prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) – as appropriate for your relevant jurisdiction – and annual and semi-annual reports. The UCITS KIIDs are available in English and, for the PRIIPs KIDs, in the official language of the countries in which the fund is registered for distribution. Performance in the past is no guarantee of future success. There can be no guarantee that the fund´s investment objective will actually be achieved.
A summary of investor rights in English and information on collective redress mechanisms are available at https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf . Nomura Asset Management U.K. Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state other than its home member state.
