Nomura launches Asian and global funds

Nomura Asset Management Co. Ltd. of Tokyo today announced the launch of Nomura Partners Funds Inc., a group of mutual funds with an Asian and global focus. Nomura Asset Management USA Inc. of New York will be the investment adviser for the nine funds, including the $186 million Japan Fund (SJPNX), formerly managed by Fidelity Investments of Boston. Nomura took over management of the fund Nov. 1. Other funds in the group include the Asia Pacific ex Japan Fund (NPAAX), the India Fund (NPIAX), the Global Alpha Equity Fund (NPGAX), the Global Emerging Markets Fund (NPEAX), the Global Equity Income Fund (NPWAX), the Greater China Fund (NPCAX), the International 130/30 Equity Fund (NPLAX) and the International Equity Fund (NPQAX). “Nomura Asset Management and the board of directors of Nomura Partners Funds Inc. are very happy to bring their expertise to creating this unique family of funds,” Shigeru Shinohara, president and chief executive of Nomura Asset Management USA, said in a statement. “We believe Nomura Partners Funds will provide investors with additional investment choices in global regions that can provide significant opportunities for wealth creation.”