Nomura Asset Management may unveil an emerging market small-cap strategy, Global Pensions reports. The Nomura Emerging Wealth Strategy (NEWS), which will be launched on Feb. 22, 2011 as a Ucits fund, will determine holdings according to a country’s gross domestic product adjusted for purchasing power parity.
The strategy, which has already attracted $23 million from a local authority pension fund, aims to invest in countries and companies that will generate more wealth than others. Nomura, which has been marketing the strategy to European pension funds, expects to raise nearly $100 million in a year.
Click here for the story from Global Pensions.