The asset management giant has invested in the Hong-Kong based 8 Securities.
Nomura Asset Management has invested into fintech 8 Securities and its Hong Kong headquartered parent company 8 Limited as it looks to enter the fast growing robo advice market.
Nomura Asset Management (NAM) says it plans to invest approximately ¥1.6bn (£10.7m) in 8 Securities and will hold a majority of the outstanding shares.
The investment in 8 Limited will be approximately ¥1.1bn (£7.3m), and NAM will become a minority shareholder.
Based in Japan, 8 Securities provides discretionary robo-advisory services through iOS and Android mobile apps using exchange-traded funds (ETFs). 8 Limited also provides mobile app robo-advisory and online brokerage services in Hong Kong.
The investment in the 8 Group, NAM says, will help it “to leverage the functions of the 8 Securities platform to deliver high value-added services to its clients,” the firm said in a statement.
NAM also aims to provide these services to other financial institutions, it adds.
8 Securities is preparing to offer NAM index funds and the two firms are developing a new app.
Japanese households have traditionally held high cash levels while eschewing holdings in the stocks and other risk assets although recent data suggest this trend to be reversing.