Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3203

Nomura selects Wells Fargo to sub-advise USD1bn emerging markets fund

RELATED TOPICS​

Wells Capital Management has been selected by Nomura Asset Management to manage the new Emerging Markets Consumer Stock Fund.

Wells Capital Management has been selected by Nomura Asset Management to manage the new Emerging Markets Consumer Stock Fund.

The fund was launched in Japan on 24 July and total assets exceed USD1bn, with strong subscriptions adding to the initial launch size of USD740m. The fund is distributed in Japan by Nomura Securities.

Wells Capital Management-an investment affiliate in Wells Fargo’s Asset Management Group-is sub-advising the fund, with the emerging markets team at the helm. The team is headed by senior portfolio manager Anthony Cragg and includes eight other team members. The team manages USD1.8bn in assets across a variety of emerging-markets strategies.

The fund seeks to invest in stocks that benefit from increased domestic demand rather than relying on companies driven by strong exports, which has been the more traditional approach to emerging-markets investing. The fund focuses on the increased purchasing power of global emerging-market consumers, whose heightened standards of living may result in higher consumption.

‘Nomura rolled out the fund just at the time that Japanese investors are again getting focused on the growth prospects in emerging markets, and we’re pleased that they selected Wells Fargo after many months of intensive due diligence,’ says Michael Niedermeyer, head of Wells Fargo’s asset management group. ‘This new investment strategy leverages the time-tested investment process that the team has followed for 17 years.’

Latest News

Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..
Discretionary fund manager ebi Portfolios, and asset manager Amundi have launched the SRI portfolio range,..

Related Articles

n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
David Vieira, JTC Group
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately for responsible investors...
Investment trusts are the latest sector of the financial services industry to come under fire for failing to cater adequately..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by