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Nomura Asset Management Co., Ltd.

PRI reporting framework 2019

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Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

          conflict of interest
        

01.3. Indicate if the investment policy covers any of the following

Other description (1) Fiduciary Duty and Stewardship Responsibilities.

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

We follows the principles outlined below in order to fulfill our fiduciary duty as an asset management company.

Providing the best possible investment performance for our clients is our primary purpose; accordingly, we aim to achieve medium- to long-term growth in the assets entrusted to us by our clients.

In accordance with the Stewardship Code and the Corporate Governance Code, we strive to establish a virtuous cycle of investment growth through the following actions: engaging in constructive dialogue, exercising voting rights, giving due consideration to ESG factors, etc. Based on this virtuous cycle of investment growth, we endeavor to promote "the earnings power of corporations", "the formation of national wealth" and the realization of a healthy, sustainable society.

As an asset management company, we aim to earn and maintain the trust and confidence of our clients and wider society; we therefore contribute to the development of society through our investment business.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

Our mission is to offer our clients consistently high-quality asset management services that meet their investment needs. We thereby contribute to social development whilst maintaining client and public confidence in the asset management business.

As an asset manager fulfilling its fiduciary responsibilities, we are committed to act in the best interest of our clients. We ensure that conflicts of interest are handled based on independent judgment and in such a manner so that client interests are always upheld. We have been entrusted with our clients’ proxy voting rights and other rights relating to securities investment. We must properly exercise these rights in an effort to maximize the interests of our clients. We cannot achieve growth in our clients’ assets over the medium to long term unless investee companies achieve sustainable growth and create corporate value. To this end, we are committed to stewardship-related activities, including purposeful dialogue with investees (engagement) and proxy voting, to execute the important responsibilities as a fiduciary asset manager.

ESG (Environmental, Social and Governance) issues are basic concerns to be addressed by companies, requiring them to engage in business activities as a member of society and to generate corporate value. ESG considerations are integral to our investment stewardship. Therefore, we hold constructive dialogue with investee companies to identify how they respond to ESG issues and to encourage them to address these challenges through stewardship-related activities.

We understand that the actions as stated above are the basic requirements as a "responsible investor", and such actions will eventually realize the establishment of a sound and sustainable society with efficient and stable capital markets. From this perspective, we classify investment based on such actions as "responsible investment" and will make active efforts to ensure such responsibilities are upheld.

01.6. Additional information [Optional].

          
        
I confirm I have read and understood the Accountability tab for SG 01 I confirm I have read and understood the Accountability tab for SG 01

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

New selection options have been added to this indicator. Please review your prefilled responses carefully.

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

Other, specify (1) description

          conflict of interest
        

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

Other description (1) Fiduciary Duty and Stewardship Responsibilities.

02.3. Additional information [Optional].


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

We will always act to prioritize client interests when conflicts of interest arise. We acknowledge that there may be situations where we could face a conflict of interest given the company's various business relations with many different companies. For example, material conflicts of interest could arise when we exercises the voting rights of our affiliated companies. Therefore, we shall exercise proxy voting rights based on independent recommendations made by external voting service vendors in order to remain impartial in exercising the proxy voting rights of our affiliated companies. There is also a possibility that we might face conflicts of interest when exercising proxy voting rights on companies with which we have sales distribution agreements, or if the stock is issued by the client of an affiliated company. We strive to exercise fair and neutral proxy voting rights by setting the proxy voting policy at an independent Responsible Investment Committee so as to ensure that all investment decisions are based on an agreed policy. We also aim to build a highly transparent organizational structure through the participation of outside directors on the Committee. Our policy regarding Conflicts of Interest in exercising proxy voting rights shall be disclosed on our website.

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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