Fact sheet: Lazard Emerging Markets

Fund information
Fund name
Lazard Emerging Markets A Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund manager
  • James Donaldsince 26/05/1997
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
33.3%
1 Year rank in sector
15/56
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
£1,086m (£730m 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.
132
Mid price
344.3
Top in this sector
Fund name1 Year
Neptune Emerging Markets41.3%
Templeton Global Emeg Mkts37.8%
FP Hndrsn Rwe FTSERAFIEmgMkts37.6%
Scot Wid Fdmtl Index Emg Mkt Eq37.4%
UBS Global Emg Mkts Equity35.8%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia52.2%
    Latin America16.8%
    European Emerging Markets14.7%
    Africa9.4%
    Money Market6.9%
  • Financials30.3%
    Information Technology22.5%
    Telecommunications Utilities9.9%
    Energy7.7%
    Consumer Discretionary7.3%
  • Asia Pacific Emerging Equities52.2%
    American Emerging Equities16.8%
    European Emerging Equities14.7%
    Middle East & African Equities9.4%
    Money Market6.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.8%3.5%1.6%33.3%33.7%37.8%
Sector-3.3%4.7%1.6%29.6%34.9%34.3%
Rank within sector50 / 5840 / 5724 / 5715 / 5635 / 4817 / 39
Quartile4th3rd2nd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund5.9%46.2%-15.6%1.3%-2.3%
Sector8.4%32.6%-10.6%3%-2.6%
Rank within sector51 / 573 / 5547 / 5238 / 4715 / 44
Quartile4th1st4th4th2nd
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.
-0.64
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.
0.47
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%.
17.45
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.
4.82
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.
0.06
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 high361.6
52 week low234.8
Current bid price-
Current offer price-
Current mid price344.3
Region
1Emerging Asia52.2%
2Latin America16.8%
3European Emerging Markets14.7%
4Africa9.4%
5Money Market6.9%
Industry sector
1Financials30.3%
2Information Technology22.5%
3Telecommunications Utilities9.9%
4Energy7.7%
5Consumer Discretionary7.3%
6Money Market6.9%
7Consumer Staples5.9%
8Industrials5.7%
9Materials3.1%
Asset type
1Asia Pacific Emerging Equities52.2%
2American Emerging Equities16.8%
3European Emerging Equities14.7%
4Middle East & African Equities9.4%
5Money Market6.9%
Individual holdings
1CHINA CONSTRUCTION BANK4.7%
2SAMSUNG ELECTRONICS CO3.9%
3TAIWAN SEMICONDUCTOR MANUFACTURING3.9%
4BANCO DO BRASIL3.7%
5TATA CONSULTANCY SERVICES3%
6TATA CONSULTANCY SERVICES3%
7NETEASE INC2.9%
8SBERBANK OF RUSSIA2.7%
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 Donald26/05/1997James 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£200,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price344.3
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6H1
Lazard Emerging Markets A Inc
Initial charge3%
Annual charge1%
Min single investment£200,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price285
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ52
Lazard Emerging Markets B Acc
Initial charge3.75%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price331
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA6H0
Lazard Emerging Markets B Inc
Initial charge3.75%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price286.3
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ77
Lazard Emerging Markets S Acc
Initial charge3%
Annual charge0.85%
Min single investment£25,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.4
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJCRD
Lazard Emerging Markets S Inc
Initial charge3%
Annual charge0.85%
Min single investment£25,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.4
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJCRC
Data provided by

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