This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Lazard Asset Management Launches Emerging Markets Core Equity Fund

Lazard Asset Management LLC (LAM) today announced the launch of the Lazard Emerging Markets Core Equity Portfolio (the “Portfolio”) (NASDAQ: Institutional: ECEIX, Open: ECEOX).

The Portfolio seeks to achieve a consistent pattern of performance with lower volatility of alpha by investing in emerging markets companies at all stages of development, including small and large capitalization, growth and value opportunities. The team employs a flexible approach that allows for systematic evaluation of companies with different capital structures. The Portfolio is based on an existing strategy that the team has managed since inception in 2009.

The Portfolio is managed by the Lazard Emerging Markets Core Equity team, including portfolio managers Stephen Russell, Thomas Boyle and Paul Rogers, who have worked together on emerging markets strategies for over ten years and have over 15 years of investment experience in the emerging markets. They are supported by a dedicated research team as well as Lazard’s global resources, which include global sector specialists and more than 50 investment professionals dedicated to emerging markets.

“The Lazard Emerging Markets Core Equity team has a highly disciplined and thoughtful investment process, and has been an important addition to Lazard,” said James Donald, Head of Lazard Asset Management’s Emerging Markets Group. “The Lazard Emerging Markets Core Equity Portfolio complements our existing emerging markets fund offerings, which include relative value, relative growth, debt, and multi-asset.”

“We believe that by avoiding style and size biases, and investing across a broad spectrum of companies at various stages of development, the Lazard Emerging Markets Core Equity Portfolio is well positioned to capitalize on the evolving opportunities in the emerging markets universe,” said Stephen Russell, Portfolio Manager.

About Lazard

Lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 40 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America. With origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. As of September 30, 2013 LAM and affiliated asset management companies managed US$ 176 billion worth of client assets. For more information on Lazard, please visit www.lazard.com.

The value of your investment in the Portfolio will fluctuate, which means you could lose money. Equity securities will fluctuate in price; the value of your investment will thus fluctuate, and this may result in a loss.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs