Overview

The Nomura Funds Ireland – European High Yield Bond Fund sits alongside and complements our market-leading US and Global High Yield strategies.

The Nomura European High Yield Bond 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 companies can carry their debt load through good and bad times. These companies generally have a positive ability to de-lever their balance sheet by generating strong, positive cash flows that are sustainable.
• The creditworthiness of these companies tends to increase over time, as will their credit ratings.
• Bottom-up, fundamental research-driven process which includes sustainability factors.
• Top-down perspectives are additionally incorporated.

Reasons to invest

• We seek to outperform in all market environments.
• Our European High Yield strategy has the flexibility to invest opportunistically throughout the high-yield credit spectrum.
• Our significant experience managing through several credit cycles as a team allows us to respond actively to changing market conditions.
• Credit selection based on our Strong Horse philosophy is our main driver of alpha generation. This comes from both identifying the best long ideas as well as avoiding mistakes.
• We believe that our integrated US/European high yield management allows us to identify significant $/€ mispricings within roughly 1/3 of the Euro market which also issues in dollars.

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.)

Awards and ratings 

Morningstar Overall Ratings as at 31-10-2025. Copyright © Morningstar 2025. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) do not constitute advice of any kind, whether investment, tax, legal or otherwise. User is solely responsible for ensuring that it complies with all laws, regulations and restrictions applicable to it. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past performance is no guarantee of future results. Morningstar rating based on Nomura Funds Ireland – European High Yield Bond Fund I EUR.

SFDR* Classification: Article 6.

* EU Sustainable Finance Disclosure Regulation.

Potential significant risks

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. Investment in securities of distressed entities may involve sudden and erratic price movements and volatility.

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Fund		Monthly Factsheet
Class I EUR

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]

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