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Lazard Emerging Markets

Elite Rated by FundCalibre

Lazard aims to use its 230-strong team of investment analysts to identify the global brands of tomorrow in developing regions. The team take a stock selection-based approach to achieve this, as well as using market volatility created by macroeconomic concerns to time trading opportunities.

Company Description

Since 1848, Lazard has been a trusted advisor to governments, financial institutions, public and private pension schemes, financial advisors and individuals around the world. It has a global presence with 16 offices worldwide and a team of more than 230 investment professionals.

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Fund Manager

Although Lazard operates a team-based approach, James Donald heads up the Lazard emerging markets group and began working in this sector in 1985. James also oversees emerging market investments as a member of various global equity teams.

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I relish finding unloved and undervalued stocks, hunting for companies that are viewed as a less-than-ordinary opportunity but have the potential to be an extraordinary investment.

James Donald - Fund Manager

The Investment Process

The stock-specific approach leans on the strength of Lazard’s global sector analysts. Its research capability identifies investment opportunities in companies offering strong financial productivity at attractive valuation levels. Analysts are located worldwide and undertake in-depth fundamental analysis.

Risk

Investing in emerging market equities is more risky than investing in develped market equities such as the UK and the US. Lazard employs a strong risk budget to diversify risk on a country and sector basis, but also pays close attention to political situations.

Our Opinion

The fund benefits from a well-resourced emerging market team based in New York. We like their strong value disclipline and the fact that they are trying to identify the global brands of the future.

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©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.