Nomura Funds Ireland – US High Yield Bond Fund
US High Yield Bond Strategy
We launched our Ireland domiciled Nomura Funds Ireland – US High Yield Bond Fund in March 2009 in response to demand from our institutional investors and on the back of our stellar long-term performance results that we had delivered for over 20 years.
NCRAM: Our Specialist Credit Research Investment Boutique
The Nomura US High Yield Bond strategy is managed by Nomura Corporate Research and Asset Management Inc. (“NCRAM”), a Nomura Asset Management affiliate. NCRAM was established in 1991 and is an analyst-driven investment boutique that specialises in below investment-grade credit.
The “Strong Horse” Philosophy
We believe a total return approach driven by credit research is the best way to generate alpha in high yield. We describe our investment philosophy as the “Strong Horse” philosophy. Strong Horse companies can carry their debt load through good times and bad. These companies generally have a positive ability to de-lever their balance sheet by generating strong, positive cash flows that are sustainable. The creditworthiness of these companies tends to increase over time, as will their credit ratings.
Our Investment Approach
Our process differentiates us through the following points:
- Creative idea generation in an open environment.
- Thorough research conducted by experienced credit analysts.
- Disciplined portfolio construction based on the best risk and reward opportunities.
Our approach is primarily bottom-up, though top-down perspectives are incorporated. We also characterise our process as a fundamental, as opposed to quantitative, approach.
For further information regarding NCRAM and the US High Yield Bond strategy please visit NCRAM’s website. http://www.nomura.com/ncram/ (Please note that the link will access a website for contents of which we take no responsibility and to which our data protection rules do not apply.)
Potential significant risks
Bonds that produce a higher level of income usually also carry greater risk as such bond issuers may have difficulty in paying their debts.
Investment Objective |
To achieve current yield and capital gains through investment in a diversified portfolio of primarily high yielding US Dollar denominated Debt and Debt-Related Securities. A combination of top down and bottom up analysis is used to identify high yield credits with strong and improving credit fundamentals. |
Fund Size |
USD 2.93 billion (as at 29.02.2024) |
Investment Company |
Nomura Asset Management U.K. Ltd. |
Fund Managers |
Steve Kotsen, CFA, Managing Director and Portfolio Manager, |
Launch Date |
31.03.2009 |
Base Currency |
USD |
Sector |
Fixed Income – USD High Yield |
Benchmark |
ICE BofA US High Yield Constrained Index |
Domicile |
Ireland (Nomura Funds Ireland plc) |
Others |
Further information can be found on the website of Nomura Asset Management U.K. Ltd. (You will leave the website of Nomura Asset Management Europe KVG mbH and will switch to the website of Nomura Asset Management U.K. Ltd.) |
A German version of the prospectus can be found here.
The English version of the prospectus is legally binding.
The table comprises a selection of the current available share classes (partly not yet active) for the stated Nomura Funds Ireland plc. mutual fund.
As per January 2024
(Please note that the link will access a website for contents of we assume no responsibility and to which our data protection rules do not apply.)