Home Latest Articles Summary For 1Q26, Nomura Global Bond Fund Institutional Class shares underperformed the Fund's benchmark, the Bloomberg Global Aggregate Bond Index, Hedged to USD, on an after-fees basis. Markets, which were already jittery towards the end of last year, moved lower on the outbreak of the Iran war, although in an orderly manner with no discernible panic. Global energy shortages and higher energy prices have the potential to depress demand and therefore cause an economic slowdown even as inflationary pressures are heightened. Nomura Global Bond Fund's current positioning reflects these dynamics with an overall risk level on the defensive end and exposures shifting towards sectors that the team believes are less affected. Nomura Global Bond Fund is managing duration shorter than benchmarks to reflect the correlation breakdowns and the team added a long dollar position. Thanakorn Lappattaranan/iStock via Getty Images Market review Economic indicators in the first quarter of 2026 were mixed.…