Nikko Asset Management has unveiled a new global share fund in response to Australian investors’ growing appetite for international equities.
The Nikko AM Global Share Fund is looking to deliver long-term capital growth with a targeted return of 3 per cent above the MSCI All Countries World ex Australia Index over rolling three-year periods. The fund will be unhedged and will be expressed in Australian dollars.
“In recognition of the demand for high-performing, concentrated global equity capabilities, we are continuing to deliver more of the firm’s global expertise to the local market,” Nikko Asset Management Australia managing director Sam Hallinan said.
“This demonstrates one of the benefits of being part of a global asset manager.”
Investors in the new offering will have access to a universe of around 5000 listed shares across the globe, including stock in developed and undeveloped markets. Exposure to these overseas markets will be achieved through investments in the Nikko AM Global Equities Fund and the new offering will be run by the Nikko’s Europe-based global equities team.
“The track record that [head of global equity] Will Low and his five colleagues have assembled demonstrates that they are exceptionally qualified as active global equity managers and we look forward to their contribution to our Australian business,” Hallinan said.
Commenting on the strategy, Low said: “Our process delivers a high active share, differentiated global equity solution that aims to provide superior returns to clients as a result of investing in a narrower group of stronger-performing companies than is represented in overall benchmarks.
“We concentrate on well-researched, high-conviction ideas to deliver alpha in global equity strategies for our clients.”