TOKYO -- Nomura Asset Management has decided to pull the plug on what was once its flagship Japanese-equities fund and disband the fund's management team as part of a slimming down of its lineup of investment trusts.
Markets
Nomura to fold 'trillion yen' Japan-stock fund on poor performance
Former flagship offering will be absorbed by another as part of fund shake-up
Nomura Asset Management plans to halve its investment trust lineup by 2030 from around 700 in 2023. © Reuters
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