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Nomura cuts management fees

And sets founders’ fees at 0.10%


Elena Johansson

Nomura Asset Management will reduce management fees across seven sub-funds, three of which belong to its high conviction strategies.

The changes, which also include the introduction of founders’ fee share classes for seven of its smaller funds, will come into effect from 1 July, it said.

Peter Ball, managing director at Nomura Asset Management UK, commented: “Reducing the investment management fees reinforces our ongoing commitment to providing competitive, fair and transparent charges to our clients.”

Management fees

The cuts in management fees range from 0.10% to 0.30% and concern the following funds:

Source: Nomura Asset Management

Founders’ fees

The Japanese firm said that its founders’ fee share classes (F shares) will be available at 0.10% per annum, and only as long as the fund’s assets under management remain below $150m (€133.4m). They will apply to the following funds:

Asia Ex-Japan High Conviction Fund
Asia High Yield Bond Fund
Asia Investment Grade Bond Fund
Emerging Market Local Currency Debt
Global High Conviction Fund
Global Multi – Theme Equity Fund
Global Sustainable Equity Fund