Lazard Emerging Markets Equity Fund
About this Fund
|FUND MANAGER||Lazard Asset Management Pacific Co.|
|ASSET CLASS||GLOBAL EQUITIES|
y The investment strategy of the Fund is to provide investors with access to investments, (including equity and equity like securities, such as American and global depository receipts and securities convertible into equity securities), in emerging markets but, excludes manufacturers of cigarettes and other tobacco products as identified by a third party service provider in the Global Industry Classification Standard (“GICS”) industry.
The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of
|BENCHMARK||MSCI Emerging Markets Index|
|FUND SIZE||MSCI Emerging Markets Index|
|NO. OF HOLDINGS||70-90|
|FEES||1.15% p.a. of the Net Asset Value|
Benefits of investing in the Lazard Emerging Markets Equity Fund
Lazard believes some of the significant benefits of investing in the Fund are:
Investors seeking an investment return objective similar to the Fund and are comfort- able with the risks of investing.
About the Fund
The Lazard Emerging Markets Equity Fund is an actively managed portfolio that typically invests in companies that we believe exhibit strong, sustainable financial productivity at attractive valuations. The Fund offers access to an attractive asset class with low correlation to global equities over the long term through one of the world's largest and most experienced EM investment team. The Fund's objective is to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the MSCI Emerging Markets Index by 3% per annum over rolling five-year periods.
The significant features of the Fund are that it has a professionally managed active investment strategy and it gives investors access to the returns available from emerging markets equities.
The investment strategy of the Fund is to provide investors with access to investments, (including equity and equity like securities, such as American and global depository receipts and securities convertible into equity securities), in emerging markets but, excludes companies engaged in manufacturing tobacco related products as identified in the Global Industry Classification Standard (GICS) industry sector. LAM considers emerging markets to be countries not included in the MSCI World Index. Companies that are not domiciled in emerging markets but that derive a significant portion of their net assets and/or sales from emerging markets may also be included in the Fund. The number of securities will generally range from 70 to 90 which means LAM makes active investment decisions as to which securities the Fund holds.
How we invest your money
Asset classes and range
The Fund may invest up to 15% in the frontier markets. Frontier markets are a subset of emerging markets and are characterised by factors such as lower capitalisation companies, market regulation and liquidity. The Fund cannot invest:
The Fund may also invest in initial public offerings, which are expected to be listed within 3 months from the date of purchase.