Nomura’s Global Dynamic Bond fund has been re-categorised from the Global Bonds Sector to the Sterling Strategic Bond sector.
The move was approved by the Investment Association on 30 September and was designed to make comparisons ‘more meaningful’ for UK-based investors.
The fund is a sub-fund of Nomura Funds Ireland, which is authorised and supervised by the Central Bank of Ireland as an open-ended umbrella investment company with variable capital.
Richard Hodges, head of unconstrained fixed income at Nomura Asset Management UK, said: "The IA is in agreement that UK-based investors overwhelmingly demand the GBP-hedged share classes of the Nomura Global Dynamic Bond fund and that the GBP-hedged share classes comply with the inclusion requirements of the Sterling Strategic Bond sector.
"We believe that the reclassification will be convenient for all UK-based investors. We constantly work with data providers to ensure our investors have easy access to fund data and the most meaningful comparisons."
Kusal Ariyawansa, chartered financial planner at Manchester-based Appleton Gerrard, agreed the move made sense.
He said: "Reclassification is definitely helpful as it will help us with comparisons for due diligence - aiding its potential recommendation."
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