Nomura, Daiwa Detail Adani Exposure in Their Mutual Funds

The asset management arms of Nomura Holdings Inc. and Daiwa Securities Group released details of their mutual funds’ holdings of securities in the Adani Group companies, after US prosecutors filed charges against the Indian conglomerate’s billionaire founder.

The two Japanese financial institutions listed the weightings of Adani-related stocks and bonds held by their publicly offered investment trusts in separate statements on Friday. Nomura Asset Management Co.said it has has 87 investment trusts that hold such securities, while Daiwa Asset Management Co. has five equity funds with exposure.

The exposures ranged from less than 0.01% of some individual funds’ total ...