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Nomura Launches Global Shariah Semiconductor Equity Fund to Capitalize on Digitalization Trends
July 27, 2022
Nomura Asset Management Malaysia
Kuala Lumpur, July 27, 2022 - Nomura Asset Management Malaysia Sdn. Bhd., a Malaysian fund management unit of Nomura Holdings, Inc., launched the Nomura Global Shariah Semiconductor Equity Fund to offer investors access to the rapidly growing semiconductor sector driven by global digitalization trends.
The first such fund in Malaysia, it is available from today for a minimum initial investment of RM 1,000 or USD 1,000. Nomura Asset Management U.K. Limited has been appointed as the investment adviser to the fund, and will provide investment research and stock recommendations in line with the fund’s investment objectives and restrictions.
“We continue to innovate and offer investors opportunities to invest in assets with strong potential for growth and long runways. The acceleration in digitalization including the rollout of 5G networks has intensified the need for greater connectivity, giving rise to an exponential surge in computing needs and demand for semiconductor chips, which are essential components of most electronic devices. The timely launch of the fund enables us to capitalize on such trends and provide investors access to high-quality global semiconductor companies while achieving portfolio diversification,” says Leslie Yap, Managing Director and Country Head of Nomura Asset Management Malaysia.
Managed by Nomura Asset Management’s award-winning global equity team, the fund focuses on quality companies with high growth potential, healthy profit margins and strong intellectual property, pricing power and balance sheets. The strategy is backed by in-depth fundamental analysis identifying quality names with distinct competitive advantages, solid governance, stable cash returns to shareholders, and a consistent track record of attractive returns on capital.
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.