Nomura Global Listed Real Estate Fund seeks to offer exposure to global megatrends and greater diversification in balanced portfolios through real estate securities. Driven by the same brick-and-mortar fundamentals as unlisted real estate, the strategy supports daily liquidity with an inflationary hedge.
Daily liquidity
Medium to long term, listed real estate has the same fundamentals as unlisted, but it's generally accessible daily
Exposure to global megatrends
The asset class benefits from global demographic and secular trends such as aging populations, e-commerce, and digitalisation
Inflation hedge
Earnings and dividends may be underwritten by contractual leases that help to protect against inflation
A globally integrated, rigorous, and disciplined investment approach underpins the strategy.
Local expertise is used to understand local trends and changing market conditions.
Sustainable business models and quality assets, run by experienced and capable management teams are sought out in pursuit of long-term outperformance.
A flexible approach to valuation seeks to take advantage of mispricing of assets between regions, countries, sectors, and stocks in the short term.
Careful risk management is applied at each point in the process.
Fundamental, bottom-up, valuation-based stock selection methodology is complemented by secondary top-down considerations.
A comprehensive, detailed, research-driven, globally integrated approach with a rigorous focus on bottom-up company fundamentals.
Peer review and debate is central – analysts with primary coverage of a company are complemented by team members with secondary coverage of the same company.
Bottom-up fundamental research is essential to produce the measures used to identify and rank securities suitable for investment.
Identify and capitalise on investment opportunities through an integrated approach to security-level analysis and macro themes impacting real estate markets.
Risk Disclosures
Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund's prospectus and its summary prospectus, which may be obtained by visiting nomuraassetmanagement.com/literature or calling 800 523-1918 (for individual investors) or 877 693-3546 (for financial professionals). Investors should read the prospectus and the summary prospectus carefully before investing.
Investing involves risk, including the possible loss of principal.
Investments in small and/or mid-cap companies may be more volatile than those of larger companies.
International investing (particularly in emerging markets) may be adversely affected by political instability; changes in currency exchange rates; inefficient markets and higher transaction costs; foreign economic conditions; the imposition of economic or trade sanctions; or inadequate or different regulatory and accounting standards. Investing in emerging markets involves greater risk than investing in more developed foreign markets because, among other things, emerging markets may have less stable political and economic environments, information about issuers may be less available or of a lesser quality, and securities markets may be smaller, less liquid, and subject to greater price volatility.
Investments in derivatives may involve additional expenses and are subject to significant loss if they perform differently than anticipated. Derivatives are also subject to the risk that the counterparty may fail to perform its obligations.
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 value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity, which may include weather, embargoes, tariffs, and economic health, political, international regulatory and other developments. Exposure to the commodities markets may subject the fund to greater volatility than investments in traditional securities.
Natural resources companies are subject to various risks, including price fluctuations caused by real and perceived inflationary trends and political developments, costs to comply with environmental and safety regulations, environmental incidents, energy conservation, the success of exploration projects, changes in commodity prices, and special risks associated with natural or man-made disasters. Securities of natural resource companies that are dependent on a single commodity, or are concentrated in a single commodity sector, may exhibit high volatility.
The Fund’s investment in energy infrastructure MLPs is subject to a variety of industry specific risk factors that may adversely affect their business or operations, including those due to commodity production, volumes, commodity prices, weather conditions and terrorist attacks, as well significant federal, state and local government regulation and potential tax consequences for shareholders.
Diversification may not protect against market risk.
Investments related to real assets will be affected by\nfactors particular to the real assets industry and related\nindustries or sectors (such as government regulation), and\nthe value of a fund or strategy may fluctuate more widely\nthan that of a fund or strategy that invests in a broad range\nof industries.
Investing in the real estate industry includes risks such as declines in real estate value, lack of availability of mortgage funds, overbuilding, extended vacancies, increases in property taxes, changes in zoning laws, costs from clean-up of environmental problems, uninsured damages, variations in rents, and changes in interest rates.
The fund or strategy is subject to liquidity risk, which is the risk that the fund or strategy’s investments cannot be readily sold within seven calendar days at approximately the price at which the fund or strategy has valued them.
As a class, equities carry higher risks than bonds or money market instruments.
Forward foreign currency contracts may substantially change a fund’s exposure to currency exchange rates and could result in losses to a fund if currencies do not perform as expected.
Investments related to gold and other precious metals are considered speculative and are affected by a variety of worldwide economic, financial, and political factors. The price of gold and other precious metals may fluctuate sharply over short periods of time.
The value of an investment will decline if there is a default by or a deterioration in the credit quality of the issuer or a provider of a credit enhancement or demand feature.
A foreign government or government-related issuer may be unable to make timely payments on its external debt obligations.
The principal on a fixed income security may be prepaid prior to maturity, which may require reinvestment at a lower interest rate.
Companies in the infrastructure industry may be subject to a variety of factors that could adversely affect their business or operations, including high interest costs in connection with capital construction programs, high degrees of leverage, costs associated with governmental, environmental and other regulations, the level of government spending on infrastructure projects, and other factors.
Preferred stock and hybrid securities and the risks associated with both, including distribution deferrals, liquidity, voting rights and redemption by the issuer could impact the Fund.
If your currency as an investor is different from the reference currency of the Fund, changes in currency exchange rates could reduce any investment gains or increase any investment losses.
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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 include Nomura Capital Management LLC, Nomura Corporate Research and Asset Management Inc., Nomura Investment Management Business Trust (consisting of the Nomura Alternative Strategies, Nomura Investment Management Advisers, Nomura Investments Fund Advisers, Delaware Capital Management, and Delaware Management Company series), Nomura Investment Management Europe S.A., and Nomura Investment Management Austria Kapitalanlage AG. Under certain circumstances, investment advisory services are also provided by Nomura Asset Management U.K. Limited and Nomura Asset Management Australia Pty Limited, which are Nomura Group companies.
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Investment involves risk. The value of investments and the income from them can fall as well as rise, and investors may not get back the amount originally invested. Past performance is not a reliable indicator of future returns.
The fund referenced on this page forms part of a Luxembourg-domiciled SICAV authorised by the Commission de Surveillance du Secteur Financier (CSSF) as a UCITS. Full information, including the latest prospectus, KIID/KID, is available in English. UK users will be directed to the UK-approved versions of these documents.
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