Nomura Funds Ireland – Global High Conviction Fund


Equity investors have long felt short-changed by fund managers as so few have proved able to outperform indices on a consistent basis. This has driven many to move to a ‘passive’ approach, turning to index trackers and ETFs.

Conversely, we believe that this secular shift is leading to growing opportunities for focused stock-pickers. However, to take advantage of these opportunities, investors need to focus on both the quality of the underlying assets and their intrinsic value.

Our Global High Conviction team is able to drill down on potential opportunities in markets across the world.

Investment Approach

  • Bottom-up focusing on quality stocks trading at discount valuations
  • Only around 20 stock positions – with very high active share
  • No style bias and low turnover
  • ESG embedded into the investment process

Reasons to Invest

  • Truly active investing
  • Unconstrained approach – the team are able to invest across global equity markets
  • Large, established team emphasising rigorous stock research

Potential Significant Risks

Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries.

Investment Objective

To achieve long-term capital growth through investment in a highly concentrated, actively managed portfolio of global equities. Our approach is bottom-up as we seek to invest in quality companies trading at a discount to intrinsic value. We believe that successful portfolio diversification can be achieved with around 20 stocks.

Fund Size

USD 119.1 million (as at 30.04.2024)

Investment Company

Nomura Asset Management U.K. Ltd.

Lead Fund Manager

Javier Panizo, CFA, Lead Portfolio Manager,
Nomura Asset Management U.K. Ltd.

Launch Date


Base Currency


Universe Sector

Morningstar: Global Large-Cap Blend Equity

IA Sector: Global


MSCI All Countries World


Ireland (Nomura Funds Ireland plc)

Lead ISINs

Institutional ‘I’ USD – IE00BD4DXL75

Institutional ‘I’ GBP – IE00BD4DXN99

Retail ‘A’ USD – IE00BD4DXF16

Retail ‘A’ EUR – IE00BD4DXG23

For additional share class information, please contact us.


Fund Monthly Factsheet Commentary

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.

Please select your investor type





Important Information

Important Information