Nomura Asset Management is marking the third anniversary of the launch of its Global High Conviction Fund, which has delivered first quartile returns of 6.2 per cent (annualised since inception) and been awarded a four star rating by Morningstar.
Managed by Ilan Chaitowitz and Tom Wildgoose (pictured), the Nomura Global High Conviction Fund offers investors a concentrated, unconstrained equity strategy that capitalises on Nomura’s successful core global investment platform in London.
The fund offers investors truly active equity exposure, with a concentrated portfolio of 17 to 25 stocks chosen after rigorous fundamental analysis. Its active share is circa 97 per cent at present.
Ilan Chaitowitz, Portfolio Manager, says: “Managing a concentrated global equity portfolio over the last few years has relied on our team’s extensive sector expertise and also a tight focus on portfolio-level risk management. Looking forward, we expect a period of heightened political and economic uncertainty to drive interest in highly focussed, fundamental funds.”
Tom Wildgoose, Portfolio Manager and Head of Equity Investment, says: “The performance is testament to the process we have taken in managing the Nomura Global High Conviction Fund. Despite some difficult markets it has shown that investing in a concentrated portfolio, in search of attractive investment returns is not excessively risky and demonstrates the great capability of our Global Equity team.”
“We’ve had success in a range of investments including PayPal, the payment processing company, and Compass Group, the UK-based catering group. As we look to the future we see value in many of our investments, for example Waters, a company that makes quality test equipment for the pharmaceutical and other industries, has a very strong position in an attractive industry but is trading at an eye-catching price. All of these names score highly on our ESG criteria, which is embedded in our investment approach.”
Peter Ball, Head of Marketing and Client Relations, EMEA at Nomura Asset Management, says: “The Global High Conviction Fund has now achieved a three year track record – a milestone perceived as crucial by many institutional investors – and we are seeing significant interest for this strategy given its demonstrated ability to outperform during periods of heightened volatility.”
“Nomura offers a range of high conviction funds, including, Japan, Asia, India and Global Equities. These funds are benchmark agnostic, agile and aim to maximise the impact of our very best ideas of our locally based investment teams.”
