The Nomura Low Duration US Government (SMA) strategy delivers exposure to securities issued or guaranteed by the US government and government-sponsored enterprises, including Treasuries, agency debt, and agency mortgage-backed securities. It combines complete position transparency with active management designed to enhance returns within a risk-controlled framework.
Active management
Emphasizing optimal portfolio structure and security selection along with a top-down, trend-following approach
Full transparency
Institutional-grade execution with the complete transparency of a separately management account
Deep experience
Platform with two decades’ experience navigating government bond markets across multiple rate cycles and market conditions
US government bonds may provide favorable diversification features relative to equity and credit allocations.
View that fixed income markets are efficient with respect to short-term interest rate movements informs emphasis on portfolio structure and security selection.
Core style approach managed on a top-down, trend-following basis that analyzes economic, financial, and technical market conditions to inform sector allocation, yield curve management, and duration adjustments.
Risk-controlled investment process incorporates both quantitative and qualitative analysis.
Bottom-up, bond-by-bond approach to security selection, supported by an experienced, and well-resourced research team.
Bloomberg 1-3 Year US Government Index
We'll provide the depth of experience and resources needed to help address the changing dynamics of today's markets. From ETFs, SMAs, and mutual funds to private markets, our team can help you identify investment solutions aligned to your clients' financial needs.
Risk Disclosures
Investing involves risk, including the possible loss of principal.
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.
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.
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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Nomura Asset Management, unless otherwise stated, refers to the Nomura Asset Management International business. Nomura Asset Management is part of the Investment Management Division of the Nomura Group, providing integrated public and private market asset management services across equities, fixed income, private credit and multi-asset solutions to intermediary and institutional clients. Nomura Asset Management primarily operates through several distinct investment managers, which includes Nomura Investment Management Business Trust (NIMBT), a Securities and Exchange Commission (SEC) registered investment adviser. Investment advisory services are provided to the Nomura Funds by Delaware Management Company, a series of NIMBT. The Nomura Funds mutual funds are distributed by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA) and an affiliate of NIMBT. The Nomura Funds exchange-traded funds are distributed by Foreside Financial Services, LLC. Foreside Financial Services, LLC is not affiliated with any Nomura entity, including Delaware Management Company and Delaware Distributors, L.P.
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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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