Fact sheet: Lazard Developing Markets

Fund information
Fund name
Lazard Developing Markets Ret C Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund managers
  • Kevin O'Haresince 29/09/2010
  • Peter Gillespiesince 29/09/2010
Fund objective
To achieve long-term capital growth.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
36.7%
1 Year rank in sector
8/57
Sector
UT Global Emerging Markets
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.15%
Fund size
£25m (£20m 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.
143
Mid price
100.4
Top in this sector
Fund name1 Year
Scot Wid Fdmtl Index Emg Mkt Eq56.5%
FP Hndrsn Rwe FTSERAFIEmgMkts54.4%
NFU Mutual Global Emerging Mkts40.8%
Lazard Emerging Markets40.2%
M&G Global Emerging Mkts37.9%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia62.4%
    European Emerging Markets15%
    Latin America14.3%
    Africa2.2%
    North America2.1%
  • Financials29.8%
    Information Technology19.3%
    Energy13.5%
    Consumer Discretionary11.6%
    Health Care7.8%
  • Asia Pacific Emerging Equities62.4%
    European Emerging Equities15%
    American Emerging Equities14.3%
    Middle East & African Equities2.2%
    North American Equities2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.3%0.1%21.2%36.7%17.2%17.6%
Sector-5.1%-0.5%19.9%30.9%19.9%28.7%
Rank within sector16 / 5927 / 5926 / 598 / 5740 / 4839 / 40
Quartile2nd2nd2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund35.6%-8.7%-4.2%-5.4%10.2%
Sector30.6%-10.6%3%-2.6%12.6%
Rank within sector12 / 5719 / 5347 / 4829 / 4531 / 40
Quartile1st2nd4th3rd4th
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.
-0.08
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.
1.04
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.
0.11
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%.
17.24
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.
5.58
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.
-0.01
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.
0.89
Price movement
52 week high109.1
52 week low64.91
Current bid price-
Current offer price-
Current mid price100.4
Region
1Emerging Asia62.4%
2European Emerging Markets15%
3Latin America14.3%
4Africa2.2%
5North America2.1%
6Money Market1.3%
7Continental Europe1.2%
8UK0.9%
9Asia Pacific ex Japan0.6%
Industry sector
1Financials29.8%
2Information Technology19.3%
3Energy13.5%
4Consumer Discretionary11.6%
5Health Care7.8%
6Industrials6.5%
7Materials6.5%
8Consumer Staples2.1%
9Real Estate1.6%
Asset type
1Asia Pacific Emerging Equities62.4%
2European Emerging Equities15%
3American Emerging Equities14.3%
4Middle East & African Equities2.2%
5North American Equities2.1%
6Money Market1.3%
7European Equities1.2%
8UK Equities0.9%
9Asia Pacific ex Japan Equities0.6%
Individual holdings
1SBERBANK OF RUSSIA3.4%
2AUROBINDO PHARMA3.3%
3AUROBINDO PHARMA3.3%
4PING AN INSURANCE(GR)CO OF CHINA3%
5GLENMARK PHARMACEUTICALS2.8%
6GLENMARK PHARMACEUTICALS2.8%
7ALIBABA GROUP HLDG LTD2.7%
8BANK RAKYAT INDONESIA2.7%
9TENCENT HLDGS LIMITED2.7%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To achieve long-term capital growth.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Kevin O'Hare29/09/2010Kevin O'Hare is a Portfolio Manager/Analyst on the Developing Markets Equity team, focusing on the technology, health care, telecommunications and consumer discretionary sectors. He began working in the investment field in 1991. Prior to joining Lazard in 2001, Kevin was with Merrill Lynch, and Moore Capital Management. Kevin has an MBA in Finance from St. John's University and a BS in Finance from King's College.
Peter Gillespie29/09/2010Peter Gillespie is a Director and Portfolio Manager/Analyst on the Developing Markets Equity team, focusing on the industrials, materials and consumer staples sectors. He began working in the investment field in 1992. Prior to joining Lazard in 2007, Peter was a portfolio manager at Newgate Capital, LLP, where he co-managed the Asian portion of an emerging markets equity fund. Previously, Peter was a portfolio manager at GE Asset Management, specializing in emerging markets equities. Prior to GE, Peter was an analyst at Sintra Capital Corp., performing analysis for an emerging markets equity fund. Peter started his career at Asia Securities (Taiwan) Inc. as an analyst, producing sell-side research. Peter has a BA in East Asian Studies from Brown University
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Lazard Developing Markets Inst Acc
Initial charge-
Annual charge1%
Min single investment£200,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price100.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL7P8
Lazard Developing Markets Inst Inc
Initial charge-
Annual charge1%
Min single investment£200,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price97.47
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeL7P9
Lazard Developing Markets Ret Acc
Initial charge3.75%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price97.75
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL7Q0
Lazard Developing Markets Ret C Acc
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGW2X
Lazard Developing Markets Ret C Inc
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.01
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGW2W
Lazard Developing Markets Ret Inc
Initial charge3.75%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price96.5
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeL7Q1
Data provided by

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