The Insurance Buy and Maintain strategy is a buy-and-maintain fixed income strategy spanning multi-sector public fixed income and syndicated private credit. It's built for insurers, pensions, and liability-driven investors prioritizing capital preservation, credit stability, and income generation.
Robust market coverage
Invests across the public fixed income universe with additional exposure to syndicated private credit
Bespoke portfolios
Macro views and bottom-up research are combined with unique client objectives and risk tolerance
Constraints management
History of managing portfolios across a regulatory, liquidity, duration, and liability constraints
Buy-and-maintain investing is geared toward different outcomes, where income and credit stability are paramount to price appreciation. It's not an alternative to total return investing.
Every client’s objectives and constraints are different, so positions are evaluated against each client’s goals, not a generic benchmark.
Minimizing ratings migration and credit losses, rather than chasing short-term performance, drives durable income – supported by rigorous, client-specific constraints management.
The process begins with strategic asset allocation, anchored in the client’s liability profile, risk/return target, and constraints.
Then, macro positioning, informed by weekly views on rates, growth, inflation, and geopolitics is applied.
Next comes bottom-up security selection across public fixed income and private credit
Finally, portfolios are constructed within each client’s constraints, with ongoing credit- and ratings-migration surveillance feeding back into the portfolio.
Worldwide Plaza
309 West 49th Street
New York, NY 10019
610 Market Street
Philadelphia, PA 19106
info@nomuraassetmanagement.com
Risk Disclosures
Fixed income securities can lose value, including the possible loss of principal. Fixed income securities are subject to credit risk and interest rate risk. Credit risk is the risk that an issuer of a fixed income security may be unable to make interest payments and/or repay principal in a timely manner. Interest rate risk is the risk that prices of bonds and other fixed income securities will increase as interest rates fall and decrease as interest rates rise. Fixed income securities with longer maturities or duration generally are more sensitive to interest rate changes.
High yield securities (“junk bonds”) are subject to reduced creditworthiness of issuers, increased risk of default, and a more limited and less liquid secondary market. High yield securities may also be subject to greater price volatility and risk of loss of income and principal than higher-rated securities.
The principal on a fixed income security may be prepaid prior to maturity, which may require reinvestment at a lower interest rate.
Mortgage-backed securities (MBS) and asset-backed securities (ABS) are subject to credit risk and interest rate risk and may also be subject to prepayment risk and extension risk. In addition, MBS and ABS may decline in value, become more volatile, face difficulties in valuation, or experience reduced liquidity due to changes in interest rates or general economic conditions. Certain MBS, such as collateralized mortgage obligations, real estate mortgage investment conduits, and stripped MBS may be more susceptible to these risks than other MBS.