Fact sheet: Lazard Emerging Markets

Fund information
Fund name
Lazard Emerging Markets A Inc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund manager
  • James Donaldsince 25/05/1997
Fund objective
To achieve long term capital growth through investment in shares of companies which are based or have significant business interests in developing and emerging market countries.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
59.8%
1 Year rank in sector
-
Sector
UT Global Emerging Markets
Yield
2.1%
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.
1.06%
Fund size
£1,117m (£667m 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.
136
Mid price
290.5
Top in this sector
Fund name1 Year
Scot Wid Fdmtl Index Emg Mkt Eq83.7%
FP Hndrsn Rwe FTSERAFIEmgMkts81%
NFU Mutual Global Emerging Mkts62%
Lazard Emerging Markets59.8%
Omnis Emerging Markets Equity59%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia53.6%
    European Emerging Markets16.4%
    Latin America15.8%
    Africa9.5%
    Money Market4.7%
  • Financials31.4%
    Information Technology22.3%
    Telecommunications Utilities10.3%
    Energy8.2%
    Consumer Discretionary7.7%
  • Asia Pacific Emerging Equities53.6%
    European Emerging Equities16.4%
    American Emerging Equities15.8%
    Middle East & African Equities9.5%
    Money Market4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.3%13.8%12.1%59.8%44.6%33.2%
Sector2.9%11.4%7.6%50.4%39.1%29.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund7.9%46.2%-15.6%1.3%-2.3%
Sector8.1%32.6%-10.6%3%-2.6%
Rank within sector-----
Quartile
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.
0.33
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.
1.11
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.
0.49
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%.
17.54
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.
5.01
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.
0.25
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.
0.93
Price movement
52 week high291.1
52 week low186.4
Current bid price-
Current offer price-
Current mid price290.5
Region
1Emerging Asia53.6%
2European Emerging Markets16.4%
3Latin America15.8%
4Africa9.5%
5Money Market4.7%
Industry sector
1Financials31.4%
2Information Technology22.3%
3Telecommunications Utilities10.3%
4Energy8.2%
5Consumer Discretionary7.7%
6Consumer Staples5.8%
7Industrials5.3%
8Money Market4.7%
9Materials3.6%
Asset type
1Asia Pacific Emerging Equities53.6%
2European Emerging Equities16.4%
3American Emerging Equities15.8%
4Middle East & African Equities9.5%
5Money Market4.7%
Individual holdings
1CHINA CONSTRUCTION BANK4.8%
2SBERBANK OF RUSSIA3.9%
3TAIWAN SEMICONDUCTOR MANUFACTURING3.8%
4SAMSUNG ELECTRONICS CO3.7%
5BANCO DO BRASIL3.2%
6TATA CONSULTANCY SERVICES3%
7TATA CONSULTANCY SERVICES3%
8NETEASE INC2.7%
9BAIDU INC2.5%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To achieve long term capital growth through investment in shares of companies which are based or have significant business interests in developing and emerging market countries.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
James Donald25/05/1997James Donald is a Portfolio Manager/Analyst on the Emerging Markets Equity team and Head of the Emerging Markets Group. He is also a member of the International Equity Select with Emerging Markets team. Since joining Lazard in 1996, James has been instrumental in developing and coordinating the emerging markets activities at Lazard. He began working in the investment field in 1983. Prior to joining Lazard, James was a Portfolio Manager with Mercury Asset Management. He has a BA (Hons) in history from the University of Western Ontario. James is a board member of EMpower, a charity of investment professionals focused on adolescents, health care, and women's issues in emerging markets countries, as well as a member of the 20-20 Investments Association, an investor group that is focused on emerging markets.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Gulf Cooperation Council
Lazard Emerging Markets A Acc
Initial charge3%
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price349.9
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6H1
Lazard Emerging Markets A Inc
Initial charge3%
Annual charge1%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price290.5
CurrencyGBX
Price updated20/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ52
Lazard Emerging Markets B Acc
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price336.6
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6H0
Lazard Emerging Markets B Inc
Initial charge3.75%
Annual charge1.5%
Min single investment£2,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price291.4
CurrencyGBX
Price updated20/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ77
Lazard Emerging Markets S Acc
Initial charge3%
Annual charge0.85%
Min single investment£100,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.3
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJCRD
Lazard Emerging Markets S Inc
Initial charge3%
Annual charge0.85%
Min single investment£100,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.6
CurrencyGBX
Price updated20/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJCRC
Data provided by

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