Launched for sale in the UK and Switzerland on 14 July and seeded with (£14m) A$30 and £20m respectively, the two funds are part of the firm’s strategic effort to significantly expand its EMEA business.
The Nikko Asset Management Global Equity Fund is managed by the firm’s six strong global equity team run by William Low. The team, which joined in August 2014 from SWIP has a rigorous process-driven investment strategy the firm said.
The fund has a high active share – roughly around 90 to 95% – Low told Portfolio Adviser, and has aroudn 40 to 50 holdigns.
He added: “The team will concentrate on well-researched, high-conviction ideas to deliver alpha in global equity strategies for our clients. We currently are looking at companies will good cash flow that have the ability to compound their growth in a world that we expect will continue to see subdued levels of GDP growth.”
While he was unable to provide specfic examples before the first fact sheets are out, Low did say that the team is not focused on the chase for yield.
“A lot of capital has crowded into those low volatility, high yield stocks, they are looking very expensive.”
The smaller, Nikko Asset Management Global Multi-Asset Fund is run by Al Clark as head of a team of 18 with an average of 20 years’ experience.
“The team currently oversees $24 billion of assets and employs a disciplined investment process balancing quantitative and fundamental inputs,” Nikko said.
Both funds have an OCF of 0.88%.
According to the firm, plans are in the works to launch more UCITS funds in the coming months “in order to meet global investors’ evolving demand for exposure to more markets and strategies”.
