Nomura will not launch a Dublin Oeic from its new Altrus platform at the end of this month, as earlier suggested; the product will be longer in the planning, according to the bank. Nomura’s immediate focus will continue to be its StarCommodity certificate, which the bank said is generating a really good response.StarCommodity certificate, which is currently being publicly marketed in Germany, is based on commodities guru Jim Rogers’ commodity index. The Japanese investment bank has used the Rogers International Commodity Index (RICI, developed by Rogers), as the basis of its certificate, and combines exposure to this index with ‘semi-active’ management by managed futures specialist RPM.
The target audience for Nomura Altrus products is IFAs, discretionary managers and banks with large distribution networks.
