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 01/01/2006
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
26.1%
1 Year rank in sector
32/258
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
£19m (£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.
114
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs46.8%
GAM Star Nth of Sth EM Eq43.1%
HSBC GIFEconScaleIxGEMEq42.2%
Dimensional EmMkt Tgt Val38%
Schroder ISF QEP Gl Eg Mts37.1%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Emerging Asia60.6%
    European Emerging Markets9.7%
    Asia Pacific ex Japan7.4%
    Latin America6.8%
    Others4.8%
  • No data available.
  • Asia Pacific Emerging Equities60.6%
    European Emerging Equities9.7%
    Asia Pacific ex Japan Equities7.4%
    American Emerging Equities6.8%
    International Equities4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.8%-2.2%16.5%26.1%22%34.1%
Sector-2.6%-4%5.4%9.2%-6.3%3.1%
Rank within sector236 / 26377 / 26727 / 26332 / 258--
Quartile4th2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund24%-11.4%---
Sector10.6%-14.3%-1.4%-0.7%14.2%
Rank within sector35 / 258106 / 241---
Quartile1st2nd
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.
9.73
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.
0.97
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.
0.2
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%.
15.69
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.
8.38
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.
0.71
Price movement
52 week high20.83
52 week low13.81
Current bid price-
Current offer price-
Current mid price18.83
Region
1Emerging Asia60.6%
2European Emerging Markets9.7%
3Asia Pacific ex Japan7.4%
4Latin America6.8%
5Others4.8%
6UK3.4%
7Africa2.9%
8North America1.8%
9Money Market1.7%
Industry sector
No data available.
Asset type
1Asia Pacific Emerging Equities60.6%
2European Emerging Equities9.7%
3Asia Pacific ex Japan Equities7.4%
4American Emerging Equities6.8%
5International Equities4.8%
6Middle East & African Equities3.5%
7UK Equities3.4%
8North American Equities1.8%
9Money Market1.7%
Individual holdings
1NASPERS6.9%
2JPMORGAN EMERGING MKTS INV TRUST6.4%
3FIRST PACIFIC CO6.1%
4TEMPLETON EMERG MARK INVESTM TRUST5.3%
5FIDELITY CHINA SPECIAL SITUATIONS4.4%
6GENESIS EMERGING MARKETS FUND PTG SHS NPV3.8%
7EDINBURGH DRAGON TRUST3.6%
8NEW INDIA INVESTMENT TRUST3.6%
9TEMPLETON DRAGON FUND, INC.3.4%
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 Deng01/01/2006Mr. Deng is a Director and Senior Portfolio Manager at Lazard Asset Management which he joined in 1997. Among the funds he manages are World Trust Fund, a closed-end investment company listed on the London Stock Exchange, and Lazard Emerging World Fund, a Dublin-listed mutual fund. Mr. Deng was most recently ranked in the Financial Times as one of the top 10 global managers for the period 2000 - 2003.He is a Chartered Financial Analyst, and has degrees from Beijing University and Columbia University.
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 price24.7493
CurrencyUSD
Price updated07/12/2016
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 price18.826
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKK4Z
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 price22.9965
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLG22
Data provided by

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