Nomura Real Estate Securities Fund Q4 2025 Commentary

Macquarie Asset Management38 FollowersFollow5ShareSavePlay(8min)CommentsSummaryFor 4Q25, Nomura Real Estate Securities Fund posted a positive return and outperformed the Fund’s benchmark, the FTSE Nareit Equity REITs Index.In 4Q25, 10-year US Treasury yields rose slightly to 4.17%, with the long end of the yield curve closer to 4.75%.Although higher rates remain a challenge, the prospect of easing monetary policy continues to support investor sentiment. PM Images/DigitalVision via Getty Images Market review In 4Q25, 10-year US Treasury yields rose slightly to 4.17%, with the long end of the yield curve closer to 4.75%. Concerns around fiscal irresponsibility and persistent inflation resulted in the US Federal Reserve (Fed) being moreThis article was written byMacquarie Asset Management38 FollowersFollowMacquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Delaware Funds by Macquarie refers to certain investment solutions that MAM distributes, offers, or advises. Investment advisory services are provided to the Delaware Funds by Delaware Management Company, a series of Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC) registered investment adviser.

The Delaware Funds are distributed by Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA) and an affiliate of MIMBT. Note: This account is not managed or monitored by Macquarie Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use the Macquarie Asset Management's official channels.