Overview

A global equity fund that uses a multi-thematic approach to discover attractive high-return growth stocks.

In order to achieve excess return, we identify multiple investment themes with growth potential over the medium- and long-term. Within each theme, we seek companies with an attractive growth gap between their stock price, reflective of market expectations, and their intrinsic value, which we determine through research and analysis. This is also achieved through dynamic top-down adjustments of the allocation to investment themes and stock selection within these themes according to market conditions.

Our approach 

• Global equity strategy: invest in 40 to 60 high conviction stocks with no sector or geographic constraints, using MSCI All Country World Index as a benchmark.
• Bottom-up multi-thematic approach: each portfolio manager is a Theme Specialist who conducts research on companies within each theme and creates a Theme Portfolio. They adopt a GARP (growth at reasonable price) approach when selecting individual stocks. From their Theme Portfolios, they recommend attractive stocks to the team for inclusion/exclusion/adjustment in the final portfolio.
• Dynamic top-down adjustments: in response to market sentiment, we may make top-down adjustments to the portfolio based on the growth characteristics of different themes, which can be broadly categorized into two types: themes sensitive to the market and themes less volatile to the market.

Reasons to invest

• Multi-thematic approach: focusing not on a single transient growth trend, but on multiple medium- to long-term growth trends.
• Japan-based investment team: providing a unique perspective among global equity strategies.
• Mid- and small-cap bias: using a multi-thematic approach to discover lesser-known yet attractive mid- and small-cap companies.
• Adjusting growth exposure: adjusting our growth exposure based on market conditions by changing the allocation of themes and stocks, including cash.
• A growth fund with downside resilience: capturing market upside trends while also demonstrating resilience during market downturns through dynamic top-down adjustments to the portfolio.

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 – Global Multi-Theme Equity Fund I USD.

SFDR* Classification: Article 6.

* EU Sustainable Finance Disclosure Regulation.

Potential significant risks

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

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Fund		Monthly Factsheet
Class I 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]

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