Nomura slashes fees across seven funds and introduces founders fees

High Conviction range levies to drop 25%

Nomura Asset Management will reduce the fees across the share classes of several funds – including its high-conviction range – and will introduce a founders fee across a further seven of its products from 1 July.

Funds including India Equity, Japan High Conviction and Asia Ex Japan High Conviction will see a 25% reduction in the investment management fees of their I and ID share classes to 0.75%, while the A share classes of the Global High Conviction and Global Sustainable Equity funds will see reductions of 0.2% and 0.3% respectively. The Asia High Yield Bond and Emerging Market Local Currency Debt Bond funds will see fee reductions of 0.1% to 0.6% across their I share classes, while the former's A share class will reduce its fees by 0.2% to 1.2%. Nomura's Wildgoose left in 'great position' ...