Lazard Asset Management Limited (LAML) has launched the Lazard Global Thematic Focus Fund, a UCITS-compliant Fund seeks to achieve long-term capital growth by investing primarily in an actively managed, diversified portfolio of 35 to 50 established companies located around the world. The companies will have a market capitalisation of greater than USD1 billion at the time of purchase, with securities listed or traded on Regulated Markets worldwide.
The Lazard Global Thematic Focus Fund aims to identify structural and secular changes that will transform the global economy. Profound transformations are taking place in the global economy, as digitisation becomes universal and environmental threats, societal anxieties, and regulation gain ever-greater prominence. The Lazard Global Thematic team has an established process for identifying transformational themes, evaluating them in detail, and pinpointing associated opportunities for long-term investment.
The Fund, which is currently available to clients in the United Kingdom, Singapore, Norway, Denmark, Finland, Sweden and the Netherlands, will be managed by the same team of portfolio managers and analysts that already run the established Lazard Global Thematic Equity strategy. Nicholas Bratt, John King and Steve Wreford, are all part of the Global Thematic Equity team, and together have over 30 years average industry experience and a longstanding track record in thematic investing. In 2019, the strategy outperformed its benchmark (MSCI ACWI) by over 800 basis points.
“Our investment strategy is designed to benefit from structural and secular changes that will transform the global economy,” says Wreford, Portfolio Manager/Analyst at Lazard Asset Management. “Identifying significant structural themes and undertaking bottom-up fundamental analysis of individual companies allows us to construct a well-diversified portfolio of holdings which are fundamentally attractive and undervalued.”
“Our focus is on turning insights about long-term change into sustainable investment returns,” says King, Portfolio Manager/Analyst at Lazard Asset Management. “We think about risk in a holistic way, and ESG is fully integrated into our process through our proprietary Sustainability Framework. We believe this will be a key differentiator in a fast-changing world.”
