Nomura Climate Solutions Fund Q2 2026 Underperformed Benchmark on Sector Allocation
In 2Q26, Nomura Climate Solutions Fund Institutional Class shares underperformed the MSCI ACWI Investable Market Index, driven mainly by weak relative sector allocation. Rates were held steady by the US Federal Reserve, while the Senate confirmed Kevin Warsh as Fed Chair. Market leadership broadened, with developments tied in part to the Iran conflict and Strait of Hormuz crisis.