Luxembourg domiciled American Century Sicav have been merged into newly established sub-funds of Nomura Funds Ireland plc, Nomura Asset Management's Irish domiciled Ucits umbrella fund on 2 August 2019.
These new sub-funds (American Century Global Growth Equity, American Century Concentrated Global Growth Equity, American Century Emerging Markets and American Century Emerging Markets Debt Total Return) will be managed to the same investment strategies and guidelines of the existing funds.
American Century Investments will act as sub-investment manager to the funds, managing the strategies with the same philosophies and processes previously utilized. This is an effort to create a bigger fund platform for both companies and generate cost savings for our clients.
The Nomura Funds Ireland plc Ucits umbrella fund currently has $7.9bn in assets under management, which includes the recent launch of the American Century Global Small Cap sub-fund.
While continuing to build a framework for enhanced collaboration, the Ucits merger also expands the opportunities for each firm to reach new clients and provide a broader range of solutions and insights to meet the investors' strategic interests in the increasingly competitive and global business environment.
On 19 May 2016, Nomura Holdings acquired a non-controlling 41 percent stake in American Century Investments, which gives the firm access to American Century's products and makes American Century's products available to a wider customer base through Nomura's expansive global network.