Published by Finews Asia – 13th December 2016
Asia-based financial services group Nomura has launched a new wholesale fund for high net worth clients in Malaysia who meet minimum net worth or income thresholds.
The Nomura Global High Conviction Fund, a locally domiciled wholesale fund that feeds into Nomura Funds Ireland – Global High Conviction Fund, is available in Malaysia from today to sophisticated investors.
Among individuals, this category includes those whose total net personal assets exceed MYR 3 million or gross annual income exceeded MYR 300k in the preceding year.
“We celebrate 10 years in Malaysia today, and this offering to individuals marks an important step in the growth of our business here. Malaysian high net worth individuals are increasingly looking beyond our shores to build a global investment portfolio for potentially better risk-adjusted returns,” said Nor Rejina Abdul Rahim, Managing Director and Country Head, Nomura Asset Management Malaysia.
The target fund domiciled in Ireland aims to provide investors with an opportunity to earn better returns through a highly concentrated, global equity portfolio of 17-25 stocks and is benchmarked to the MSCI All Country World Index.
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