Lazard Fund Managers (Ireland) Ltd

Fund Company

Lazard Fund Managers (Ireland) Ltd - http://www.lazardnet.com
 
Lazard is a preeminent international financial advisory and asset management firm that has long specialized in crafting solutions to the complex financial and strategic challenges of our clients. They serve a diverse set of clients around the world, including corporations, partnerships, institutions, governments and high-net-worth individuals.

Lazard
believe that what sets them apart is their dedication to:

  • Competing on the basis of their intellectual (rather than financial) capital, which is personified by their team of highly skilled professionals
  • Demanding excellence and superior quality in all that they do
  • Cultivating long-term, senior-level relationships with clients, through deep roots in local markets
  • Linking together their local offices through a global network of industry expertise
  • Remaining focused on their chosen lines of business to provide the highest degree of expertise and continuous innovation
  • Emphasizing their tradition of integrity in all our dealings, and
  • Offering independent, trusted and unbiased advice.

Founded in New Orleans in 1848, Lazard expanded shortly thereafter to provision the needs of the California gold rush, and eventually evolved its business exclusively into financial services. Having united the historical New York, Paris and London “Houses” of Lazard under Lazard LLC in 2000, they operate today from 42 cities in key business and financial centers across 27 countries in Europe, North America, Asia, Australia and South America.

Company

Fund Name

ISIN

Currency

Inception Date

Rating

Risk

Profile

Lazard Fund Managers (Ireland) Ltd

Lazard Emerging World Fund

IE0005022946

USD

29/04/1994

4

Medium

The investment objective of the Fund is to achieve long term capital appreciation, principally through investment in listed securities (principally but not exclusively equity securities) that are closed-end investment funds: (a) whose underlying assets provide the fund with a diversified investment exposure to emerging markets principally but not exclusively through listed and unlisted equities: and/or (b) the shares of which are trading at a discount to the net asset value; The Fund aims to outperform the MCSI Emerging Markets Index (the “Index”) by investing in those closed-end funds whose shares are traded at discounts and which, in the opinion of the Investment Manager are invested in currently attractive sectors or economies and are managed by fund managers who have appropriate experience in the area of emerging markets.

Lazard Fund Managers (Ireland) Ltd

Lazard European Equity Fund

IE0005060367

EUR

02/01/1985

3

Medium

The investment objective of the Lazard European Fund is to achieve long-term capital growth through investment in a diversified portfolio of continental European equities quoted or traded on Regulated Markets in the European Union (excluding the United Kingdom), Norway and Switzerland and in accordance with the restrictions. This Fund will invest in a well diversified, actively managed portfolio of equities in continental European markets with the aim of achieving greater returns than the FTSE World Europe ex-UK Index (the “Index”) as measured in Euro. The Index is an index of the 14 largest Western European stock markets, excluding the UK. The Fund’s investments will typically consist of between 45 to 60 holdings in the largest companies (as determined by market capitalisation) with liquid quoted securities.

Lazard Fund Managers (Ireland) Ltd

Lazard Pan European Equity Fund

IE0005060581

EUR

10/01/1992

3

High

The investment objective of the Lazard Pan European Fund is to achieve consistent long-term capital growth through investment in a diversified portfolio of European equities (including the UK) quoted or traded on Regulated Markets in the European Union, Norway and Switzerland in accordance with the restrictions. This Fund will provide investors with an actively managed diversified portfolio of shares in companies in Europe with the aim of achieving returns greater than the MSCI Europe Index (the “Index”) as measured in Euro terms. The Index is a free float adjusted market capitalisation index that is designed to measure developed market equity performance in Europe and, as at the date of this Supplement, consisted of 16 developed market country indices including the United Kingdom, France and Germany. The Fund’s investments will typically consist of between 50-75 holdings in the largest companies (as determined by market capitalisation) with liquid quoted securities.

Lazard Fund Managers (Ireland) Ltd

Lazard Japanese Equity Fund

IE0005061001

JPY

18/10/1991

4

Low

The investment objective of the Lazard Japanese Equity Fund is to achieve consistent long term capital growth through investment in a diversified portfolio of Japanese equities quoted or traded on Regulated Markets in Japan and in accordance with the restriction. This Fund will be actively managed, investing predominantly in the largest companies (as determined by market capitalisation) in Japan, with the aim of out-performing the TOPIX Index (the “Index”). The Index represents the 1,475 leading companies in Japan. The Investment Manager will favour industrial sectors which show greater potential for growth at any given point of the economic cycle.

Lazard Fund Managers (Ireland) Ltd

Lazard North America Equity Fund

IE0005062074

USD

29/04/1983

3

Medium

The investment objective of the Lazard North American Fund is to achieve consistent capital growth through investment in a diversified portfolio of North American equities quoted or traded on Regulated Markets in the United States and Canada and in accordance with the restrictions. The Fund is an actively managed fund and will aim to out-perform the Standard & Poor’s Composite Index (the “Index”), as measured in US$ terms. The Index is a broadly based index comprising about 500 companies in the United States. Portfolio construction for the Fund will be founded on an analysis of industry sectors and individual equities in order to determine the optimum portfolio mix. Significant positions in an industry sector or on individual stock will therefore depend upon the prevailing economic climate and stock specific issues.

Lazard Fund Managers (Ireland) Ltd

Lazard UK Equity Fund

IE0005062744

GBP

01/07/1996

2

High

The investment objective of the Fund is to achieve consistent capital growth in a diversified portfolio of equities issued by UK companies quoted or dealt on Regulated Markets in the United Kingdom and in accordance with the restrictions. The Fund aims to out-perform the FTSE-A All Share Index (the “Index”) whilst producing a level of income at least in line with such index. The Index is a broad based market capitalisation index comprising between 800 and 1,000 UK companies. Stock selection will concentrate on companies with large market capitalisation having liquid securities with above average dividend yield or dividends that are expected to grow at a faster than average rate. Some investment may also be made in smaller companies (i.e. quoted companies within the bottom 15% market capitalisations category in the UK), when they are viewed by the Investment Manager as having the potential to provide superior returns.