Fact sheet: L&G Lazard Gbl Eq Inc Pn

Fund information
Fund name
L&G Lazard Global Equity Income Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Andrew Laceysince 21/10/2007
  • Patrick Ryansince 21/10/2007
  • Kyle Waldhauersince 21/10/2007
Underlying fund
Lazard Global Equity Inc
Fund objective
To seek to generate substantial income as well as long term capital growth.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
29%
1 Year rank in sector
447/997
Sector
PN Global Equities
Yield
-
Fund size
£0m (£1m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
99
Bid price
168.61
Offer price
168.61
Top in this sector
Fund name1 Year
Aegon Hend GlblTecPn42.5%
MGM Global Index Tracker Pn40.1%
FL Baillie Giff LT Gbl Gth Pn39.9%
FL Baillie Gifford Intl Pn39.4%
FL Baillie GiffordIntlXE/IE Pn38.6%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • North America43.2%
    Continental Europe22%
    Emerging Asia12.9%
    UK5.5%
    European Emerging Markets3.6%
  • Financials27.6%
    Telecommunications Utilities14.8%
    Energy11.4%
    Information Technology8.7%
    Materials6.3%
  • North American Equities43.2%
    European Equities22%
    Asia Pacific Emerging Equities12.9%
    UK Equities5.5%
    European Emerging Equities3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%4.8%11.2%29%27.8%51.1%
Sector1.1%5.5%10.6%27.3%43.8%76.8%
Rank within sector274 / 1052694 / 1037439 / 1024447 / 997828 / 862722 / 773
Quartile2nd3rd2nd2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.7%29.8%-11.3%4.7%14.9%
Sector4.8%22.4%3.7%7.8%21.4%
Rank within sector834 / 1037145 / 958912 / 916611 / 847743 / 821
Quartile4th1st4th3rd4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-5.18
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.12
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.36
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.19
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.09
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.78
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.83
Price movement
52 week high169.06
52 week low127.38
Current bid price168.61
Current offer price168.61
Current mid price-
Region
1North America43.2%
2Continental Europe22%
3Emerging Asia12.9%
4UK5.5%
5European Emerging Markets3.6%
6Asia Pacific ex Japan3.1%
7Japan2.8%
8Middle East2.5%
9Money Market2.3%
Industry sector
1Financials27.6%
2Telecommunications Utilities14.8%
3Energy11.4%
4Information Technology8.7%
5Materials6.3%
6Consumer Discretionary6%
7Others6%
8Health Care5.9%
9Industrials5.7%
Asset type
1North American Equities43.2%
2European Equities22%
3Asia Pacific Emerging Equities12.9%
4UK Equities5.5%
5European Emerging Equities3.6%
6Asia Pacific ex Japan Equities3.1%
7Japanese Equities2.8%
8Middle East & African Equities2.5%
9Money Market2.3%
Individual holdings
1AT&T INC4.1%
2PACWEST BANCORP (DELAWARE)4.1%
3International Paper Co ORD3.7%
4PFIZER INC3.7%
5TAIWAN SEMICONDUCTOR MANUFACTURING3.5%
6TOTAL SA3.5%
7EATON CORP PLC2.9%
8PATTERN ENERGY GROUP INC2.7%
9CISCO SYSTEMS INC2.5%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
To seek to generate substantial income as well as long term capital growth.
Benchmark
  • MSCI All Country World Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Andrew Lacey21/10/2007Andrew Lacey is Deputy Chairman of Lazard Asset Management responsible for oversight of the firm's U.S. and global strategies. He is also a Portfolio Manager/Analyst on various U.S. and global equity portfolio teams. Andrew began working in the investment field in 1995 when he joined Lazard as a member of Lazard's Global Research Platform. He has an MBA from Columbia University and a BA (Hons) from the College of Social Studies, Wesleyan University. Andrew is currently on the Board of Trustees of the Link Community School.
Patrick Ryan21/10/2007Patrick Ryan is a Managing Director and Portfolio Manager/Analyst on the Global Equity Income and Global Equity Select teams. He began working in the investment industry in 1989. Prior to joining Lazard in February 1994, Pat was an equity analyst with Hutson Management. Pat has a BS in Industrial Engineering from Columbia University School of Engineering and Applied Science.
Kyle Waldhauer21/10/2007Kyle Waldhauer is a Senior Vice President and Portfolio Manager/Analyst on the Global Equity Income and Global Equity Select teams. He began working in the investment field in 1994. Prior to joining Lazard in 1998, Kyle was a financial representative at Fidelity Investments. He has a BS in Economics and Finance from Southern New Hampshire University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Lazard Global Equity Income Pn 3
Initial charge-
Annual charge0.77%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.86%
Bid price173.75
Offer price173.75
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCY8
L&G Lazard Global Equity Income Pn G25
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price168.61
Offer price168.61
Mid price-
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL0Y0
Data provided by

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