Asia the key for Japanese asset managers

A recent report published by Nomura Research Institute (NRI) argues that Japan’s asset managers cannot compete without a serious investment capability in Asia ex-Japan equities and fixed income. The report, written by analyst Atsuo Urakabe, notes that, on aggregate, mandates from overseas institutional investors account for 15% of Japanese asset managers’ total AUM – mainly running Japanese equity mandates for US and European pension funds. However, only 1% of total AUM comes from ins…