Fact sheet: Lazard GblActDevMktsEq

Fund information
Fund name
Lazard Global Active Developing Markets Equity Ret Dis USD
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Mark Liensince 03/10/2010
  • Peter Gillespiesince 03/10/2010
  • Kevin O'Haresince 03/10/2010
  • George Benessince 03/10/2010
Fund objective
To achieve long-term capital growth.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
15.6%
1 Year rank in sector
59/258
Sector
FO Equity - Emerging Markets
Yield
0.6%
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.
1.25%
Fund size
£94m (£157m 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.
142
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 Asia62%
    European Emerging Markets14.9%
    Latin America14.1%
    Africa2.2%
    North America2.1%
  • Financials29.6%
    Information Technology19.1%
    Energy13.4%
    Consumer Discretionary11.6%
    Health Care7.8%
  • Asia Pacific Emerging Equities62%
    European Emerging Equities14.9%
    American Emerging Equities14.1%
    Middle East & African Equities2.2%
    North American Equities2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%-5.5%4.7%15.6%-15%-
Sector-2.6%-4%5.4%9.2%-6.3%3.1%
Rank within sector129 / 263154 / 267118 / 26359 / 258186 / 210-
Quartile2nd3rd2nd1st4th
Calendar performance
 YTD - 20162015201420132012
Fund15.3%-13.5%-14.1%--
Sector10.6%-14.3%-1.4%-0.7%14.2%
Rank within sector66 / 258137 / 241211 / 215--
Quartile2nd3rd4th
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.
-1.79
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.
1.22
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.
-0.02
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%.
18.18
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.
7.58
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.
-0.38
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.
0.85
Price movement
52 week high8.83
52 week low6.17
Current bid price-
Current offer price-
Current mid price8.29
Region
1Emerging Asia62%
2European Emerging Markets14.9%
3Latin America14.1%
4Africa2.2%
5North America2.1%
6Money Market2%
7Continental Europe1.2%
8UK0.9%
9Asia Pacific ex Japan0.6%
Industry sector
1Financials29.6%
2Information Technology19.1%
3Energy13.4%
4Consumer Discretionary11.6%
5Health Care7.8%
6Materials6.5%
7Industrials6.4%
8Consumer Staples2%
9Money Market2%
Asset type
1Asia Pacific Emerging Equities62%
2European Emerging Equities14.9%
3American Emerging Equities14.1%
4Middle East & African Equities2.2%
5North American Equities2.1%
6Money Market2%
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%
9GRUPO FINANCIERO BANORTE SAB DE CV2.6%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To achieve long-term capital growth.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Lien03/10/2010Mark Lien is a Vice President and Research Analyst on the Developing Markets Equity team, focusing on the financials sector. He began working in the investment field in 1990. Prior to joining Lazard in 2008, Mark was a Senior Analyst at Galleon International, covering research on Global Emerging Markets in the Financials sector. Prior to that, he was a research analyst at Harding Loevner Management, specializing in banks and autos companies in Emerging Markets. Previously, Mark was first in foreign exchange, and later became acting chief-of-staff to the country treasurer at Citibank, N.A. Mark has an MBA in Entrepreneurship/Finance from Babson College. He also has a BA with Honors in Economics and MA from Cambridge University. Mark is a member of CFA Institute and the New York Society of Security Analysts.
Peter Gillespie03/10/2010Peter 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
Kevin O'Hare03/10/2010Kevin 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.
George Benes03/10/2010Georg Benes is a Senior Vice President and Research Analyst on the Developing Markets Equity team, with a research focus on emerging markets companies in the energy and utility space. Prior to joining the Emerging Markets platform, Georg was member of the institutional marketing team with Lazard Asset Management in Germany. Georg started working in the investment field in 2001. He has a Master of Law from the Karl-Franzens-Universitaet Graz (Austria).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, United Kingdom, Ireland, Italy, Offshore, Singapore
Lazard Global Active Developing Markets Equity Inst Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.6955
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0QTB
Lazard Global Active Developing Markets Equity Inst Acc USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.2713
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLTR7
Lazard Global Active Developing Markets Equity Inst Dis EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.3279
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMIF4
Lazard Global Active Developing Markets Equity Inst Dis GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.8551
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI1HW
Lazard Global Active Developing Markets Equity Ret Dis USD
Initial charge7%
Annual charge0.85%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price8.2852
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJE4C
Data provided by

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