Nomura launch share classes to address currency volatility


Nomura Asset Management has announced a number of hedged share classes for its Global High Yield Bond fund as investors worry about currency fluctuations following the UK’s vote to leave the European Union.

The asset manager has launched hedged EUR, CHF, GBP and USD share classes for the fund.

“Post the referendum vote, we have listened to our clients and given the unknown impact on currency fluctuations we feel this goes a long way to meeting our client’s requirements,” says Andreas Körner, head of marketing and client relations, EMEA.

Körner says: “We recently monitored a number of significant global high yield wins, implemented as currency hedged mandates.

“Therefore for the Global High Yield Bond Fund, investors will now be able to benefit from a hedge between their chosen share class currency and any non-base currency assets meaning that they will be fully currency hedged.”

Portfolio manager, David Crall adds:In an environment of stable global growth and aggressive central banks, we think the outlook for the global high yield market remains positive.”