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Lazard Emerging Markets Equity Inst USD

Ranked 225 out of 242 in - Global Emerging Markets over 12 months
All calculations are in GBP unless stated

Managed by

James Donald

As a managing director and head of the emerging markets group at Lazard Asset Management LLC, James Donald manages a variety of emerging markets funds. His only UK domiciled fund is the Lazard Emerging Markets Growth fund for which he uses a bottom-up stock selection style looking for relative value in emerging markets equities. Donald started out at Mercury Asset Management in 1985. He spent seven years on the group’s international equity team before switching over to focus on emerging markets. He joined Lazard in 1996. Born in Canada in 1961, Donald earned an honours degree in history from the University of Western Ontario’s Huron College. He still holds a keen interest in history and is also a talented linguist, speaking fluent French and Spanish.

Objective

To achieve long term capital appreciation through investment in a diversified portfolio of global equities with an emerging markets bias quoted or traded on the Regulated Markets. The Fund will invest primarily in equity and equity related securities of emerging market issuers.

Showing fund performance in United Kingdom View performance globally

Performance

Global Emerging Markets over : 31/12/2014 - 31/12/2015

Total Return

Quarterly Performance

to 31/12/2015 Annual Q1 Q2 Q3 Q4
2015 -15.5% 2.7% -5.0% -16.2% 3.3%
2014 1.4% -1.7% 6.6% -0.8% -2.4%
2013 -3.1% 6.3% -7.9% -0.3% -0.8%
2012 16.3% 14.1% -7.8% 6.5% 3.8%
2011 -17.8% -3.7% 0.0% -16.8% 2.6%
2010 25.4% 12.3% -6.3% 12.2% 6.3%
2009 57.1% -0.6% 18.4% 28.0% 4.3%
2008 -28.7% -6.3% -2.7% -11.1% -12.0%
2007 11.2% 6.6% 5.8%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/08/2015

Top 10 Holdings

Stock Size
China Construction Bank Corp ORD 4.53
Taiwan Semiconductor Manufacturing Co Ltd DR 4.09
China Mobile Ltd DR 3.07
Tata Consultancy Services Ltd ORD 3.06
Samsung Electronics Co Ltd ORD 2.68
Baidu Inc DR 2.63
Telekomunikasi Indonesia Tbk Perusahaan Perseroan (Persero) PT DR 2.50
Shinhan Financial Group Co Ltd ORD 2.28
Axis Bank Ltd ORD 2.23
Cielo SA ORD 2.17
31/08/2015

Registered For Sale In

  1. Austria
  2. Chile
  3. Germany
  4. Ireland
  5. Italy
  6. Switzerland
  7. United Kingdom

Fund Info

  • Launch date23/03/2007
  • Share Class size463Mn
  • Base currencyUSD
  • ISIN IE00B1L6MF22

Purchase Info

  • Min. initial investment2Mn
  • Min. regular additional investment0

Charges

  • Annual management1.00%

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Vestra Wealth head of investment solutions Meena Lakshmanan has slashed her equity exposure by 10%, rotating most of this into cash as she looks to lock in profits.

Lazard soft closes $30 billion emerging markets strategy

Lazard is closing James Donald's emerging markets funds to new investments to protect existing investors in the strategy.

Lazard's Donald buys Chinese banks for first time

Lazard Asset Management's veteran head of emerging markets James Donald has made his first foray into Chinese financials after taking a stake in China's second largest bank.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).