Inception Date: 2020

Portfolio Manager

Makoto Ito


The strategy employs a bottom-up approach to identify undervalued companies relative to their intrinsic value, by seeking companies with strong businesses, showing signs of positive change, and expected to improve capital efficiency from changes in attitude towards shareholder returns. ESG is integrated into the investment process in building a diversified portfolio of 100-200 holdings.


  • Separately Managed Account

Nomura Asset Management U.S.A. Inc. (“NAM-USA”) is part of the NAM Group. NAM-USA will delegate investment discretion and trading authority to one or more of its affiliates for all client accounts. The investment philosophies, strategies and teams described herein are those of a NAM-USA affiliate. This website is a general communication. It is being provided for information purposes only, and is subject to change without notice. Nothing herein is intended to constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Any examples used in this material are generic, hypothetical and for illustration purposes only. The views and strategies described may not be suitable for all investors. Investing involves risk.