NEW YORK--(BUSINESS WIRE)--The Board of Directors of Nomura Partners Funds, Inc., announced today that it has retained an independent consultant to assist it in its deliberations over whether to liquidate, merge, assign the advisory contract or to take another course of action for one or more of the Nomura Partners Funds. The Board’s action was taken in response to Nomura’s announcement that it is planning to exit the U.S. open-end mutual fund business. The Board also decided to close the Funds to purchases and exchanges while it considers the best course of action for each of the Funds. Nomura has advised the Board that it will continue to manage the Funds during the transition and will take reasonable steps, in consultation with the Board, to ensure that investors are not adversely affected during the transition.
About Nomura Partners Funds, Inc.
Founded over 40 years ago, The Japan Fund is the United States oldest Japanese equity fund. Now a series of Nomura Partners Funds, Inc., it is one of a five fund series with a variety of Asian as well as international and high yield funds. The Board of Directors is comprised of experienced and distinguished business leaders who bring extensive experience to the Funds’ oversight and governance.