Nikko launches new fund

Japanese-owned Nikko Asset Management has moved to extend its product set targeting the Australian institutional market.

The company announced this week that it had launched the Nikko AM Absolute Return Fund which it claims is aimed at providing equity like market returns while minimising the risk of negative returns.

Announcing the new product, the company said it would be managed by Singapore-based fund manager, Robert Mann.

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Commenting on the launch, Nikko Asset Management Australia head of distribution, Vincent Lo Blanco said it represented a significant expansion of the company's capabilities for institutional investors.

"Rob has established a strong reputation in Australia and Asia as an exceptional portfolio manager, whose strategies have consistently delivered for investors," he said.

The company said the fund was structured to accommodate global equities, fixed income, derivatives and foreign exchange without the encumbrance of benchmarking.

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