Overview

The Nomura Emerging Market Debt 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.

The Nomura Emerging Market Debt strategy 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 below investment-grade credit.

Our approach 

• Total return approach driven by credit research to generate alpha in high yield.
• NCRAM believes in a “Strong Horse” philosophy where issuers can carry their debt load through good and bad times. These issuers generally have a positive ability to reduce their indebtedness by generating strong, positive cash flows that are sustainable.
• The creditworthiness of these issuers tends to increase over time, as will their credit ratings.
• Bottom-up, fundamental research driven process.
• Top-down perspectives are additionally incorporated.

Reasons to invest

• “Strong Horse” approach to credit research.
• Disciplined Investment Process – seeking to capture credit market returns while minimizing losses.
• Proprietary Sovereign Analysis – targeting alpha generation and risk mitigation through country allocation.
• Dedicated Research – evaluating issuers on financial and sustainability factors and participating directly in investment decisions.
• Disciplined risk management – country/sector/industry limits and individual holdings limits.

For further information please visit NCRAM’s website at http://www.nomura.com/ncram/. (Please note that this external link leads to a website where our data protection rules do not apply and for whose content we assume no responsibility.)

* Nomura Funds Ireland – Emerging Market Debt Fund (previously named “Nomura Funds Ireland – Emerging Market Corporate Bond Fund”). Effective on 30th September 2025, the Sub-Fund has been re-named and re-classified as an Article 6 fund under the Sustainable Finance Disclosure Regulation (EU) 2019/2088. Details of the new strategy can be found in the Sub-Fund’s Supplement.

SFDR** Classification: Article 6.

**EU Sustainable Finance Disclosure Regulation.

Potential significant risks

Investing in emerging markets is considered speculative and involves risks and considerations not typically associated with other more established economies or securities markets, including, but not limited to, greater price volatility, substantially less liquidity, significantly smaller securities market capitalization, social and political instability and limited regulation. Investment in sovereign debt includes the risk that the governmental entity that controls its repayment may not be able or willing to repay the principal and / or interest due to economic and or political constraints. Investment in high yield securities generally entails increased interest rate, credit, liquidity and market risk. Investment in non-investment grade securities may subject the fund to heightened litigation risks and / or prevent their disposal.

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Back To Fund Range

Fund		Monthly Factsheet
Class I USD
Class F USD
Class A USD

For a full list of available share class documents including PRIIPs KIDs, please visit our fund documents page.

The lead share class fund literature is shown first in the above list. If any literature is not available in the above list for the share class you are invested in/interested in, please contact [email protected]

* Nomura Funds Ireland – Emerging Market Debt Fund (previously named “Nomura Funds Ireland – Emerging Market Corporate Bond Fund”). Effective on 30th September 2025, the Sub-Fund has been re-named and re-classified as an Article 6 fund under the Sustainable Finance Disclosure Regulation (EU) 2019/2088. Details of the new strategy can be found in the Sub-Fund’s Supplement.

Back To Fund Range