Fact sheet: Lazard Emerging World

Fund information
Fund name
Lazard Emerging World Ret C Acc GBP
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Kun Dengsince 31/08/2008
Fund objective
To achieve long-term capital appreciation, principally through investment in listed securities (principally but not exclusively equity securities) that are closed-end investment funds.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
45%
1 Year rank in sector
39/254
Sector
FO Equity - 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.
1.19%
Fund size
£20m (£18m 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.
112
Top in this sector
Fund name1 Year
RWC Gbl Emerging Mkts85.6%
Pimco RAEFdmntl+EmgMkt72%
HSBC GIF BRIC Eq67.9%
HSBC GIF BRIC Markets Eq66.5%
GAM Star Nth of Sth EM Eq66%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia59%
    European Emerging Markets10.6%
    Asia Pacific ex Japan7.1%
    Latin America6.9%
    Others4.5%
  • No data available.
  • Asia Pacific Emerging Equities59%
    European Emerging Equities10.6%
    Asia Pacific ex Japan Equities7.1%
    American Emerging Equities6.9%
    International Equities4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%9.7%6.9%45%38.9%29%
Sector4.8%10.6%4.6%30.9%5.4%1.4%
Rank within sector241 / 267167 / 26676 / 26539 / 254--
Quartile4th3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund7.6%26.7%-11.4%--
Sector8.2%10.7%-14.3%-1.4%-0.7%
Rank within sector186 / 26733 / 253106 / 230--
Quartile3rd1st2nd
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.
9.89
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.
0.91
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%.
14.94
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.
8.35
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.
1.13
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.
0.69
Price movement
52 week high20.83
52 week low14.39
Current bid price-
Current offer price-
Current mid price20.69
Region
1Emerging Asia59%
2European Emerging Markets10.6%
3Asia Pacific ex Japan7.1%
4Latin America6.9%
5Others4.5%
6UK3.3%
7Africa2.8%
8Money Market2.8%
9North America1.7%
Industry sector
No data available.
Asset type
1Asia Pacific Emerging Equities59%
2European Emerging Equities10.6%
3Asia Pacific ex Japan Equities7.1%
4American Emerging Equities6.9%
5International Equities4.5%
6Middle East & African Equities3.4%
7UK Equities3.3%
8Money Market2.8%
9North American Equities1.7%
Individual holdings
1NASPERS6.4%
2JPMORGAN EMERGING MKTS INV TRUST6.3%
3FIRST PACIFIC CO5.9%
4TEMPLETON EMERG MARK INVESTM TRUST5.5%
5FIDELITY CHINA SPECIAL SITUATIONS4.2%
6GENESIS EMERGING MARKETS FUND PTG SHS NPV3.9%
7EDINBURGH DRAGON TRUST3.6%
8TEMPLETON DRAGON FUND, INC.3.5%
9ABERDEEN NEW INDIA INV TRUST PLC3.4%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To achieve long-term capital appreciation, principally through investment in listed securities (principally but not exclusively equity securities) that are closed-end investment funds.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Kun Deng31/08/2008Kun Deng is a Portfolio Manager/Analyst responsible for Global, International and Emerging Markets Discounted Asset strategies. He began working in the investment field in 1994. Prior to joining Lazard as a Vice President in 1997, Kun was a Senior Portfolio Manager/Analyst for closed-end funds at Newgate Investment Management. He also taught at Beijing University and Hofstra University. Kun has an MIA from Columbia University and an MA from Beijing University. He sits on the Board of Directors of Peking University Education Foundation (USA) as well as the Board of Trustees of Princeton Academy of the Sacred Heart. In addition, Financial Times ranked Kun as one of the top global equity managers for the years 2000-2003, and again awarded him first place in the global equity category for years 2001-2004. The Lazard Emerging World Fund, for which he is responsible, was awarded the "Best Fund over 10 Years" in the emerging markets category by Lipper in 2010.
Compliance
Transparent for Austrian Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Germany, United Kingdom, Ireland, Italy, Malta, Offshore, Singapore
Lazard Emerging World Inst Acc USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price26.8513
CurrencyUSD
Price updated15/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDFF6
Lazard Emerging World Ret C Acc GBP
Initial charge7%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price20.6907
CurrencyGBP
Price updated15/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKK4Z
Lazard Emerging World Ret C Dis GBP
Initial charge7%
Annual charge0.75%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQID
Lazard Emerging World Ret Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£2,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price24.9258
CurrencyUSD
Price updated15/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLG22
Lazard Emerging World X Dis USD
Initial charge7%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNQIC
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.