Nomura

The Nomura China Fund is a fully diversified portfolio of stocks benchmarked against 50% MSCI China Index and 50% MSCI Hong Kong Index.
 
The investment objective is to achieve long-term capital growth through investment in an actively managed portfolio of equity securities listed in China and Hong Kong.
 
Manager profile:
Nomura Asset Management (‘NAM’), a wholly-owned subsidiary of Nomura Holdings Inc, currently has over AS$240 billion in funds under management globally including A$4 billion in China assets (30 September 2009). NAM believe they differentiate themselves from others for a number of key reasons, including their disciplined investment process that has been in place since 1981 tested through different market periods, locally based managers and analysts enabling them to identify opportunities at an early stage, and a dedicated team of over 20 portfolio managers and analysts based in Hong Kong, Singapore, and Malaysia.   
 
Investment Strategy:
The Fund will invest predominantly in shares listed, or expected to be listed, on the China and Hong Kong stock exchanges. NAM utilizes a combination of top-down and bottom-up approaches with a bias towards bottom up stock selection.
 
A relative value approach is used, where NAM forms a view on whether the price of a stock is fair by comparing its valuation relative to market. Their philosophy is to identify stocks that are trading at a discount to fair value through the use of proprietary stock ranking quantitative models where stocks are filtered and ranked on relative attractiveness and then undergo more in-depth analysis by the relevant portfolio managers/analysts. The portfolio generally comprises of 60-90 stocks, with a bias to larger companies

The Nomura China Fund will be distributed by Asiapac Limited as of the 1st of February 2010 

Research & Reports

Nomura China Fund - PDS & SUPP - February 2010
Nomura China Fund - PDS - IDPS November 2009
Nomura China Fund - Research Report February 2009