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Nomura Funds Ireland – Global High Conviction Fund

Morningstar Overall Ratings as at 30-09-2021. Copyright © 2021 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar rating based on the lead share class: Nomura Funds Ireland – Global High Conviction I USD.

 

Overview

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 – active share above 90%
  • 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 115.5 million (as at 30.09.2021)

Investment Company

Nomura Asset Management U.K. Ltd.

Fund Managers
Tom Wildgoose Head of Equity Investment and Co-Manager, Global High Conviction (CFA), Nomura Asset Management U.K. Ltd.
Ilan Chaitowitz, Co-Manager, Global High Conviction, Nomura Asset Management U.K. Ltd.
Launch Date

21.12.2015

Base Currency

USD

Universe Sector

Morningstar: Global Large-Cap Blend Equity

IA Sector: Global

Benchmark

MSCI All Countries World

Domicile

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.

 

Tom Wildgoose, Co-Manager

Tom is the Head of Equity Investment at Nomura Asset Management U.K. Ltd and has been with the firm since 2007, having previously been a management consultant with Deloitte Consulting and then PA Consulting for 7 years. He became Head of Research in 2011 and then Head of Equities in 2014. Tom has been an equity investor for 17 years and has managed sector model portfolios internally as an analyst since joining NAM. He holds a Masters of Engineering (Durham University, First Class), a Masters in Computing (Imperial College, London), is a CFA Charterholder as well as being an exam qualified management accountant.

Ilan Chaitowitz, Co-Manager

Ilan has been with Nomura Asset Management U.K. Ltd since 2012 having previously been an Equity Analyst at JPMorgan Cazenove and subsequently a Partner at Redburn Partners. He has been an equity investor for 19 years and has been co-managing the NAM Healthcare Sector fund since early 2014. Ilan holds a Master of Arts in Natural Sciences (Cambridge University), a Masters in Clinical Drug Development (Barts & The London School of Medicine, Distinction) and is a CFA Charterholder.

 

Fund Monthly Factsheet Fund Snapshot Commentary
I USD
I GBP

For a full list of available share class documents including KIIDs, 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 NAMupdates@nomura-asset.eu

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Important Disclosures 

 

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Private Investor