Japanese fund house Nikko Asset Management plans to launch a UK mixed investment range after unveiling a centralised global multi-asset team working from Singapore.
Singapore-based Al Clark was appointed Nikko head of multi-asset in March, moving from Schroders’ Singapore subsidiary.
The multi-asset team runs $24bn for institutional and intermediary clients so far, and the firm will be rolling out multi-asset products around the world, including the UK.
Previously, the multi-asset capability was spread around the firm’s different offices, however it has now been consolidated to Singapore.
Nikko global head of investment Yu-Ming Wang says interest in multi-asset funds is growing around the world.
“Clients are demanding multi-asset funds as well as tailored solutions to manoeuvre through volatile markets to reach their investment targets,” he explains.
Mercer research from April shows investor searches for multi-asset solutions jumped by a third last year. Meanwhile, a recent State Street survey found most asset houses are scrambling to plug gaps in their multi-asset capabilities.
“To meet these needs, we’ve brought together a highly specialized team in the same location to reach critical mass. We recognize Singapore as our centre of excellence for Asia, and as a central hub we will be strengthening our investment capabilities further in this region, and elsewhere as the opportunities arise.”
Former Swip director of equities Will Low and his five-strong team moved to Nikko earlier this month.
Remaining in Edinburgh, Low is the firm’s head of global equities. Retail funds for the UK and abroad are being developed for the strategy his team have transplanted from Swip.