Nomura Emerging Markets Fund on Samsung C&T Corp.
Thesis
The fund continued to benefit from its exposure to Samsung C&T. The company's net asset value increased as the valuation of its investment in Samsung Electronics rose. Expectations for improved shareholder-return policies also contributed to a narrowing of the discount to net asset value.
“The companies' net asset values increased due to rising valuations of their investments in SK Hynix Inc. and Samsung Electronics Co. Ltd., respectively.”