Global Fixed Income

We believe we have unique perspectives on global fixed income investing given our Asian base, a region that increasingly shapes the course of global economic and market developments. Our in-depth knowledge of the Asian and Japanese markets provides a solid background for assessing investment opportunities globally.

As at Sep 2011, we manage $141 billion in Fixed Income strategies (institutional and retail) for clients across the world.  

Our Investment Approach

To achieve stable excess returns in an ever-changing market environment, we believe it is essential to grasp the big picture accurately based on thorough top down fundamental research, further complemented by bottom up analysis of individual securities and issuers.

Our investment approach is one of active management focusing on fundamental and market value analysis. We seek to identify the individual bonds with the best return/volatility trade-off and to exploit any trading opportunities arising from anomalies in sector relationships and individual securities. 

In a nutshell our approach offers: 

• Active top-down management with bottom-up enhancements
• Co-ordinated committee structures & research platforms ensure global, firm-wide collaboration
• Macro & sector driven fundamental analysis
• The identification of strategic themes that translate into long-term portfolio biases
• Thorough risk return assessments and scenario analysis

Our Background 

We have been managing Global Fixed Income portfolios since 1989 and enjoy a strong reputation both domestically and internationally.

Nomura is one of the largest asset managers in Asia, with over 100 fixed income investment professionals located globally whose investment skills and individual creativity are effectively integrated under a well established and cohesive management structure.

Additionally we have teams of experienced investment professionals based in our European headquarters in London and in New York through the Nomura Global Alpha LLC (NGA) operation.

Our Investment Style

• We seek to add value by adhering to a top down judgmental approach that grasps themes to decide market movements that correspond to more complex capital markets. 
• We favour a team approach that seeks to leverage our global resources when considering multi-angle perspectives and strategies in order to diversify risk in the portfolio. 
• We constantly monitor quantitative aspects of our portfolios to ensure that risks levels are intended, appropriate and understood.

Our Global Government and Global Aggregate Bonds strategies aim to outperform their indices by 1% p.a. with an associated risk level of approximately 1.25% p.a.