Nomura Funds Ireland –
Global Dynamic Bond Fund
Access to attractive return opportunities globally,
with the flexibility to protect against downside risk
Nomura Funds Ireland – Global Dynamic Bond Fund
Overview
In today’s uncertain environment, investors need the relative stability of fixed income assets but global yields remain low, even after recent rises. To achieve attractive returns and to control risks in such an environment, a highly flexible and dynamic approach is needed. The Fund’s portfolio management team, headed by Richard (“Dickie”) Hodges, an industry veteran of more than 30 years’ experience, scour the globe for attractive return opportunities whilst dynamically hedging against shorter term risks.
Investment Approach
- Highly flexible fixed income portfolio with dynamic downside risk control
- Indicative yield of 3-5% over the medium term and the potential for additional capital returns
- Strategic, long-term physical bond holdings combined with shorter-term risk hedging
Reasons to Invest
- Access to attractive return opportunities globally, with the proven ability to protect against downside risk
- A flexible ‘go anywhere’ approach, the team are able to invest across a wide rage of fixed income securities
Awards and Ratings
Morningstar Overall Ratings as at 30-11-2024. Copyright © Morningstar 2024. 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 – Global Dynamic Bond Fund I USD.
Potential Significant Risks
Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts. Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries.
Investment Objective |
The fund aims to provide a combination of income and growth through investing principally in a broad range of debt securities with fixed or variable rates of income. A discretionary (unconstrained) approach combining a thematic top-down macro view with fundamental bottom-up selections. The portfolio will use both cash bonds and fixed income-related derivatives to dynamically adjust strategic positions of shorter-term market movements. |
Fund Size |
USD 2.4 billion (as at 31.12.2024) |
Investment Manager |
Nomura Asset Management U.K. Ltd. |
Lead Fund Manager |
Richard ‘Dickie’ Hodges |
Launch Date |
30.01.2015 |
Base Currency |
USD |
Universe |
Morningstar category: Global Flexible Bond |
Benchmark |
None |
Domicile |
Ireland (Nomura Funds Ireland plc) |
Lead ISINs |
Institutional ‘I’ GBP Hedged – IE00BTL1GV74 For additional share class information, please contact us. |
| Share Class | Monthly Factsheet | |||||
|---|---|---|---|---|---|---|
| I USD |
|
|||||
| I GBP Hedged |
|
|||||
| I EUR Hedged |
|
|||||
| AD USD |
|
|||||
| R 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]
Fund Snapshot: This document was prepared by Nomura Asset Management Europe KVG mbH, from sources it reasonably believes to be accurate.
Dickie's View
Read the latest views on the fixed income market environment from Dickie Hodges, Head of Unconstrained Fixed Income.
Read MoreNomura 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.
The fund may invest in Emerging Markets and High Yield debt securities which tend to be more volatile than those of more developed capital markets or investment grade securities so any investment is at greater risk. The strategy may invest in derivatives including (but not limited) to futures, forwards, options, swaps and swaptions. Some of these securities are exchange traded, others are not. Derivatives traded on an exchange are guaranteed by the exchange. Derivatives that are not exchange traded carry risk of default by the counterparty. In almost all cases (other than long positions in options), the derivatives used may result in losses greater than the amount of the original investment.
