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Nomura merges American Century Sicavs into Irish sub-funds

A view down the River Liffey looking towards the Samuel Beckett Bridge September 2018

Japan’s Nomura Asset Management has merged the existing sub-funds of the Luxembourg domiciled American Century Sicav into newly established sub-funds of Nomura Funds Ireland Nomura’s Irish domiciled Ucits umbrella fund.

These new sub-funds – American Century Global Growth Equity, American Century Concentrated Global Growth Equity, American Century Emerging Markets and American Century Emerging Markets Debt Total Return – will be managed to the same investment strategies and guidelines of the existing funds.

American Century Investments will act as sub-investment manager to the funds, managing the strategies with the same philosophies and processes previously utilised.

In 2016, Nomura Holdings acquired a non-controlling 41% stake in American Century Investments.

The group said the move was part of an effort to create a bigger fund platform for both companies and generate cost savings.

The Nomura Funds Ireland Ucits umbrella fund currently has €7bn in assets under management, which includes the recent launch of the American Century Global Small Cap sub-fund.

“While continuing to build a framework for enhanced collaboration, the Ucits merger also expands the opportunities for each firm to reach new clients and provide a broader range of solutions and insights to meet the investors’ strategic interests in the increasingly competitive and global business environment,” the group said in a statement.

David Robinson

David Robinson is the editor of Expert Investor. He has 18 years’ experience as a business journalist and editor. In the past he has written for the Guardian newspaper and The Telegraph, and worked as...

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