Nomura passes 2 years with unique Global Emerging Market strategy

London, 4th June, 2008 – Nomura Asset Management UK Ltd ("Nomura") has passed the two year point on its unique Global Emerging Markets strategy which adopts a regionally focused manager approach, and has seen increased recognition as a result of new client wins. The strategy began as a response to the demand for more products in the asset class since many managers closed their products for capacity reasons, and has adopted a different approach, one that utilises a specialist manager for each of the three main regions. Whilst Nomura owns the strategy and manages the Emerging Asia portion, comprising 50%¹ of the total, it outsourced both the Latin America and Europe, Middle East and Africa (EMEA) regions following publicly tendered manager searches.

Apart from recording +6.41%² since inception, the strategy has also delivered one of the best information ratios (7th percentile) ³ amongst the peer group according to research from Oliver Wyman.

Mark Roxburgh, Executive Officer at Nomura, commented:

"We now have 11 clients invested in the strategy and the alpha has been strong, something we think is intrinsically linked to the regional approach. Research we commissioned from Oliver Wyman has shown that a regional manager combination outperformed global managers in six out of the last seven years. In addition, the resultant risk profile was lower, an ideal combination, and the reason behind us having such a good information ratio.

Across Europe we see increased demand for Emerging Markets managers so we think there are good opportunities for us to grow our clients and AUM in this asset class and it's encouraging that our strategy has been nominated for a couple of industry awards.

As part of our investment in this strategy we have also recently recruited Fraser Hedgley, CFA, from Mercer Investment Consulting, to join our dedicated GEM team in London."

Ends

For further information please contact:


Name	Company	Telephone

Max Roxburgh	Executive Officer, Head of Client Services and Marketing Nomura Asset Management UK Ltd	00 44 (0) 20 7521 1360
Nichola Scola	Head of External Communications, Europe. Nomura International plc	00 44 (0) 20 7521 2480

Notes to editors:

Source: Nomura Asset Management UK Ltd. as at 31st May 2008
Source: Nomura Asset Management UK Ltd. Performance to 31st March 2008, in US$, gross of investment management fees
Source: Oliver Wyman, from a universe of 198 Global Emerging Markets funds as at March 2008.

a)	As at the end of May over $500 million was under management in the strategy involving clients from the UK, Sweden, Luxembourg and Japan.
b)	A copy of the Oliver Wyman research, based on the results for CY2007, is available on request.
c)	The strategy is available in either a segregated or pooled fund format.

Full details of the fund are available at http://www.nomura.com/nam-europe
Nomura Asset Management U.K. Limited is a wholly owned subsidiary of Nomura Asset Management Co. Ltd of Japan.
The Nomura Asset Management Group manages $256 billion of assets globally (as at 31 March 2008) and employs over 1,100 staff world-wide including circa 260 portfolio managers and research professionals.

Nomura

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs about 18,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through five business divisions: domestic retail, global markets, global investment banking, global merchant banking, and asset management. For further information about Nomura, please visit www.nomura.com.