In today’s uncertain environment, investors need the relative stability of fixed income assets. Attractive yields are available, but accessing those yields can lead to volatility, so a highly flexible and dynamic approach is needed. The fund’s portfolio management team, headed by Richard “Dickie” Hodges, an industry veteran with 40 years’ experience, scour the globe for attractive total return opportunities whilst dynamically hedging against shorter-term risks.
Access attractive return opportunities globally, with flexibility to protect against downside risk
Unconstrained
Dynamic asset allocations allow team to invest in best market opportunities without benchmark constraint
Total return
The fund seeks to deliver positive total returns throughout the market cycle offering investors diversification versus traditional asset allocations
Downside protection
Implement hedging strategies to mitigate potential tail events and protect fund total returns
SFDR* Classification: Article 6.
The fund may invest in Emerging Markets and High Yield debt securities which tend to be more volatile than those of more developed capital markets or investment grade securities so any investment is at greater risk. The strategy may invest in derivatives including (but not limited) to futures, forwards, options, swaps, and swaptions. Some of these securities are exchange traded, others are not. Derivatives traded on an exchange are guaranteed by the exchange. Derivatives that are not exchange traded carry risk of default by the counterparty. In almost all cases (other than long positions in options), the derivatives used may result in losses greater than the amount of the original investment.
* EU Sustainable Finance Disclosure Regulation.
Provide a combination of income and growth through investing principally in a broad range of debt securities with fixed or variable rates of income. A discretionary (unconstrained) approach combining a thematic top-down macro view with fundamental bottom-up selections. The portfolio will use both cash bonds and fixed income-related derivatives to dynamically adjust strategic positions of shorter-term market movements.
Nomura Asset Management offers an array of investment strategies, including many within the equity and fixed income asset classes.
Morningstar Overall Ratings as at 30-09-2026. Copyright © Morningstar 2026. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely; and (4) do not constitute advice of any kind, whether investment, tax, legal or otherwise. User is solely responsible for ensuring that it complies with all laws, regulations and restrictions applicable to it. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past performance is no guarantee of future results. Morningstar rating based on Nomura Funds Ireland – Global Dynamic Bond Fund I USD.
The fund may invest in Emerging Markets and High Yield debt securities which tend to be more volatile than those of more developed capital markets or investment grade securities so any investment is at greater risk. The strategy may invest in derivatives including (but not limited) to futures, forwards, options, swaps and swaptions. Some of these securities are exchange traded, others are not. Derivatives traded on an exchange are guaranteed by the exchange. Derivatives that are not exchange traded carry risk of default by the counterparty. In almost all cases (other than long positions in options), the derivatives used may result in losses greater than the amount of the original investment.
Nomura Funds Ireland plc is an open-ended investment company with variable capital, incorporated in Ireland on 13th April, 2006 under the Act with registration number 418598. The Fund has been authorised by the Central Bank as an UCITS pursuant to the UCITS Regulations. The Fund is structured as an umbrella fund consisting of different Sub-Funds each comprising one or more Classes. The Fund has segregated liability between each of its Sub-Funds.
Full information on the presented funds, which is relevant for an investment decision, can be found in the fund´s most recent sales prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) – as appropriate for your relevant jurisdiction – and annual and semi-annual reports. The UCITS KIIDs are available in English and, for the PRIIPs KIDs, in the official language of the countries in which the fund is registered for distribution. Performance in the past is no guarantee of future success. There can be no guarantee that the fund´s investment objective will actually be achieved.
A summary of investor rights in English and information on collective redress mechanisms are available at https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf. Nomura Asset Management U.K. Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state other than its home member state.