An Introduction Lazard Fund Managers
Founded in 1848, Lazard has long served as a trusted We Are "Lazard Fund Managers" advisor to governments, businesses, and individuals around the world. With an international presence that dates to our early history, we have deep roots in multiple countries and today operates out of 24 offices across 17 countries. These relationships and resources give us a unique local perspective on the markets in which we do Lazard Asset Management Lazard Frères Gestion business, which we can share across our organization to develop global insight. LazardFund Managers
In Asset Management, we apply this knowledge across a spectrum of investment strategies on behalf of our clients, whom we have been proud to guide through generations of global market change. Lazard has been offering asset 1 management for decades through various subsidiaries Assets under Management : in different countries, and we currently manage US$231 billion for clients around the world. USD 231 billion EUR 212 billion Lazard Fund Managers now brings investors the best CHF 230 billion investment solutions of Lazard – including those managed by Lazard Asset Management and Lazard Frères Gestion – Alternatives Others 1,0% 3,5% through one combined distribution effort. Multi-Asset 4,8% The offering, which encompasses Equity, Fixed Income, Real Assets 6,3% Multi-Assets and Alternative Investment Funds managed by Lazard’s experienced investment professionals, builds on our tradition of evolving our investment platform by Global Equities Fixed Income 34,5% developing innovative investment solutions to meet our 12,8% investors’ needs.
Throughout all market environments, our managers Convertibles maintain a disciplined approach to investing with a 1,6% Emerging Markets research-driven investment process focusing on financial Equities productivity and valuation. US Equities 16,2% 11,9% We are committed to active management and we believe Asia-Pacific there are substantial opportunities for investors to invest Equities European Equities 3,7% in companies with healthy balance sheets and sustainable 3,6% returns.
Key Features
Research is at the Heart of Our Disciplined Approach to Investing Size is an Advantage Investment Process • Diversify sources of alpha to manage • Global breadth and depth • Depth of analytical expertise risk • Partnership between portfolio • Differentiated insight • Accounting validation managers and research analysts • Outstanding access • Seek to produce an expected pattern Robust Management of Our Most of returns Important Resource: Prudent Risk Management Our People • Evaluate intended versus unintended risk • Focus on cash flow, return on capital, and valuation • Clear definition of success for each • Independent risk management team • Thorough understanding of individual • Detailed attribution assumptions and uncertainties
1 As of 30 September 2019. Includes those of Lazard Asset Management LLC (New York) and its affiliates as well as those of Lazard Frères Gestion (Paris). Lazard Fund Managers
Lazard Fund Managers – Investment Funds
EQUITY FIXED INCOME
GLOBAL EUROZONE EMERGING MARKETS Global Equity Franchise Lazard Actions Euro* Emerging Markets Bond Global Listed Infrastructure Equity Lazard Dividendes Min Var* Emerging Markets Corporate Debt Global Managed Volatility Lazard Small Caps Euro* Emerging Markets Debt Unrestricted Blend Emerging Markets Local Debt EMERGING MARKETS NORTHERN EUROPE Emerging Markets Total Return Debt Emerging Markets Equity Norden* EUROPE
US Lazard Credit Fi* US Equity Concentrated
CONVERTIBLES MULTI-ASSET
GLOBAL GLOBAL
Lazard Convertible Global* Diversified Return Strategy
* French-registered Open Ended Investment Company ("OEIC" - i.e. “Société d’Investissement à Capital Variable or SICAV” in France) or French-registered Common Funds (“Fonds Commun de Placement or FCP”) and recognised Undertaking for Collective Investments in Transferable Securities ("UCITS"). All other funds are sub-fund of Lazard Global Active Funds plc or Lazard Global Investment Funds plc, two Irish-registered OEIC and recognised Undertaking for Collective Investments in Transferable Securities ("UCITS").
Your contacts
Domingo Torres-Fernández Mónica Arnau Juan Pedro Morenés Paula Blanco Country Head Spain and Portugal Sales Spain and Portugal Sales Associate Marketing Associate
Phone +34 91 419 77 61 Phone +34 91 419 77 62 Phone +34 91 419 77 64 Phone +34 91 419 77 63 Mobile +34 648 482 881 Mobile +34 680 929 462 Mobile +34 690 06 26 66 Mobile +34 676 22 62 94 Email [email protected] Email [email protected] Email [email protected] Email [email protected]
Notes As of 30 September 2019 Important Information
All data contained herein are sourced by Lazard Asset Management, Lazard Frères Gestion or affiliates unless otherwise noted. This is a financial promotion and is not intended to constitute investment advice. All the mentioned funds are either French-registered Open Ended Investment Companies (“OEIC” - i.e. “Société d’Investissement à Capital Variable or SICAV”) or French-registered Mutual Funds (“Fonds Commun de Placement or FCP”) which are authorised and regulated as UCITS by the Autorité des marchés financiers and managed by Lazard Frères Gestion SAS, or sub-funds of Lazard Global Active Funds plc or Lazard Global Investment Funds plc, two Irish-registered OEIC authorised and regulated as UCITS by the Central Bank of Ireland. The relevant Key Investor Information Document (KIID) must be read before the investment in the relevant share classes. SUBSCRIPTIONS MAY ONLY BE BASED ON THE CURRENT PROSPECTUS. Copies of the full Prospectus, the relevant Key Investor Information Document (KIID) and the most recent Report and Accounts are available in English, and other languages where appropriate, on request from the address below or at www.lazardassetmanagement.com or www.lazardfreresgestion.fr. Investors and potential investors should read and note the risk warnings in the Prospectus and relevant KIID. For any information about how to subscribe or redeem, please contact your Financial Advisor or the Lazard representative at the details below. The tax treatment of each client will vary and you should seek professional tax advice. For any complaints, please contact the representative of the LFM, LAM, or LFG office for your country. You will find the contact details below. The contents of this document are confidential and should not be disclosed other than to the person or persons for whom it is intended. FOR FINANCIAL PROFESSIONAL USE ONLY. The performance or the fees may be different between the relevant share classes of the fund or sub-fund. The applicable fees are indicated in the KIID related to the relevant share class, which the investor intends to subscribe. Please consult your independent financial advisor or the Fund Manager if you require further information. Spain and Portugal: This information is provided by the Spanish Branch of Lazard Fund Managers Ireland Limited, at Paseo de la Castellana 140, Piso 10, Letra E, 28046 Madrid and registered with the National Securities Market Commission (Comisión Nacional del Mercado de Valores or CNMV) under registration number 18.