Nomura Asset Management and American Century Investments have launched a UCITS fund aiming to invest in healthcare companies providing a positive social impact.
The Dublin-based American Century Advanced Medical Impact UCITS, which is a sub-fund of Nomura Funds Ireland, will actively invest in between 30 and 50 companies offering above-average growth, which also have the ability to create "meaningful social impact" through addressing unmet medical needs. Some 40% of the funds' dividends will be paid towards supporting medical research. The vehicle will be headed up by American Century Investments' portfolio manager Michael Li - a former pharmaceutical research scientist - and co-portfolio manager Henry He. Artificial intelligence in healthcar...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
