The strategy, the Nomura Emerging Wealth Strategy (NEWS), will be launched as a UCITS fund, and has already attracted $23m from a UK-based local authority pension fund, reported Global Pensions.

Nomura Asset Management aims to invest in countries and companies that will generate more wealth than others.

Global Pensions quoted Nomura head of marketing and client services Mark Roxburgh saying: "The future consumers of the world are in emerging markets. We can target these future consumers by adjusting for GDP and PPP."

Nomura has been marketing the strategy to European pension funds, and expects to raise about $100m in a year.