April 15, 2019 / Product launch

Rowe and Wildgoose chase sustainable equity winners

By Joe McGrath, ESG Clarity

The new launch takes Nomura Asset Management into the increasingly crowded global sustainable equity fund market

Rowe and Wildgoose chase sustainable equity winners

The UK arm of Nomura Asset Management has become the latest fund group to launch a global sustainable equity fund.

The fund will enter the increasingly crowded global sustainable equity fund market for UK investors, competing with rivals Janus Henderson, JP Morgan Asset Management, Jupiter, Kames Capital, Kempen, Mirova, NN Investment Partners and Triodos, among others.

Nomura AM has aligned its investment strategy with the UN’s sustainable development goals to pick a concentrated portfolio of between 30-40 global equities in sustainable sectors.

“We are seeing considerable demand across clients for truly active, sustainable investment solutions,” said lead portfolio manager Alex Rowe in a media statement.

“The fund is a natural extension to the firm’s extensive track record and commitment to responsible investment and we believe it offers something truly differentiated in this fast growing sector.”

Domiciled in Ireland, under a UCITS structure, the fund will be managed, in London, by Rowe along with the company’s head of equity investment, Tom Wildgoose. Rowe has been with Nomura Asset Management since 2014 and Wildgoose since 2007.

The fun aims to outperform the MSCI All Country World Total Return Index by 2-3% each year, after fees, over a rolling three year period.

“The Global Sustainable Equity Fund launch marks a further extension of the Nomura Funds Ireland range of funds, which currently has $7.7 billion of assets under management,” said Peter Ball, managing director of Nomura Asset Management UK.

“The strategy capitalises on Nomura’s global equity investment platform and long standing track record as responsible investors.”