In a market of downward pressure on fees, Nomura Asset Management today announced that it is cutting its fees across a wide range of its products. The firm will also introduce founders fee share classes for its smaller funds.

A number of funds are seeing its fees slashed by 25 basis points, including the firm’s India Equity Fund, Japan High Conviction Fund, Asia Ex Japan High Conviction Und and its Global High Conviction Fund.

The largest saving is to the Class A share class of the firm’s Global Sustainable Equity Fund which has seen its management fee cut by 30 basis points down to 1.2 percent.

New Founders Fee share classes (F shares) will be available for a number of smaller funds where the management fee will be 0.10 percent per annum and will be available whilst the fund remains less than $150 million in AUM.

Peter Ball, Managing Director at Nomura Asset Management UK (pictured), said in a statement: “Despite the current market environment, we made significant progress in attracting allocations from both domestic and overseas investors. For example, our Global Dynamic Bond fund has grown by $1bn in the last 10 months. Reducing the investment management fees reinforces our on-going commitment to providing competitive, fair and transparent charges to our clients.

"Fund buyers would expect Nomura to be a leader in Japan Equities and we are. Our Japan High Conviction fund has outperformed TOPIX by 10.76% YTD as well as 7.78% p.a. over 3 years*, showing it is coping well with today’s unpredictable environment. Additionally, our Global Dynamic Bond fund was one of the very top performers in 2018 and 2109, under the leadership of award-winning fund manager Dickie Hodges and despite the market turbulence the fund has returned 2.34% YTD as well. This is proven to be an all-weather fund for fixed income investors, performing in good and difficult markets alike.”