Nomura unveils European high yield bond fund

Managed by Steven Rosenthal

Nomura Asset Management has launched a European high yield bond fund to be managed by the firm's investment boutique arm.

Steven Rosenthal, executive director and portfolio at boutique investment division Nomura Corporate Research and Asset Management (NCRAM), has been named lead manager on the UCITS-compliant fund. A team of 12 credit analysts will provide support. Ireland-domiciled, the fund will target a return of benchmark - the BOAML European Currency High Yield Constrained index - plus 2% per annum. The strategy follows that employed by the NCRAM Euro High Yield fund since 2012. With an annual management charge (AMC) of 1%, the Nomura Funds Ireland European High Yield Bond fund will look to identif...