Nikko Asset Management Australia has received a Japanese institutional mandate.
In a statement, Nikko Asset Management Australia said the newly-awarded institutional fixed income mandate will give Japanese investors access to the Australian market.
“Building on Nikko AM’s strong client relationships in Japan and our investment skills in Australia, we have been able to tailor a specialised solution for our client,” Nikko AM head of Australian fixed income James Alexander said.
“We look forward to working with such a high quality partner in the Japanese institutional space.”
According to Nikko AM, the mandate comes as Japanese investors look to investments other than Japanese bonds, particularly given negative interest rates in the country.
Nikko AM said Australian bonds offer an “attractive alternative”.
“With the assistance of our Tokyo colleagues in the solutions business division, we are committed to further building our relationships with Japanese institutions and highlighting the opportunities to be discovered in Australian fixed income markets,” Nikko AM Australian managing director Sam Hallinan said.
AMP Capital chief economist Shane Oliver says this isn’t the first time US central bank has cut rates despite a growing economy. ...
Perpetual Private Investment Research Team (PPIRT) has for the second year running won the category for Best Multi Strategy Fund at last wee...
Superfund-owned bank ME has shelved plans to launch new credit cards after witnessing the success of “buy now, pay later” players like A...