The Nomura Science and Technology (SMA) strategy is an actively managed, sector-agnostic portfolio seeking to capture innovation across its complete lifecycle.
Innovation compounds
Each new wave of innovation starts higher, moves faster, and reaches further than prior waves
Dual-lens framework
Assessing innovation themes and company fundamentals to identify where value gets created and who captures it
Investing across waves
Repositioning across infrastructure, adoption, and disruption phases of innovation, seeking to differentiate winners from losers
Investors underestimate innovation in terms of magnitude and duration.
Innovation compounds as each wave starts higher, accelerates faster, and reaches further than its predecessor.
Focusing on the full potential of innovation across the entire economy allows the strategy to seek recurring mispricing patterns among undervalued innovations.
Rigorous two-lens evaluation assesses innovation themes (maturity, opportunity, profit potential) and company fundamentals (business model, management, valuation) to identify where value is created and captured.
Three-stage lifecycle positioning across infrastructure, adoption, disruption phases of innovation seeks to reduce timing risk and captures value throughout the cycle.
Sector-agnostic approach follows innovation across industries, uncovering value that sector-focused strategies miss.
S&P North American Technology Sector Index
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Risk Disclosures
Investing involves risk, including the possible loss of principal.
Because a non-diversified fund or strategy may invest its assets in fewer issuers, the value of its shares may increase or decrease more rapidly than if it were fully diversified.
Because the Strategy invests more than 25% of its total assets in the science and technology industry, the Strategy's performance may be more susceptible to a single economic, regulatory or technological occurrence than a strategy that does not concentrate its investments in this industry.
Science and technology companies are subject to various risks, including operating in rapidly changing fields, abrupt or erratic market movements, limited product lines, markets or financial resources, management that is dependent on a limited number of people, short product cycles, aggressive pricing of products and services, new market entrants and obsolescence of existing technology. In addition, securities of science and technology companies can be volatile.
Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.
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Investing involves risk including the possible loss of principal. The investment capabilities described in this website involve risks due, among other things, to the nature of the underlying investments. All examples herein are for illustrative purposes only and there can be no assurance that any particular investment objective will be realized or any investment strategy seeking to achieve such objective will be successful. Past performance is not a reliable indication of future performance.
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