New York-based Lazard Asset Management has launched a Europe ex-UK equity fund. The quantitatively-managed UCITS fund will expand investor access to LAM’s flagship Equity Advantage platform.
The fund is built on a core investment approach designed to perform through changing market cycles. Driven by bottom-up security selection, it aims to maintain a balanced style exposure and avoid unintended macroeconomic exposures.
LAM’s active, quantitatively driven investment framework assesses companies on growth potential, valuation, market sentiment, and financial quality. Every suggested trade is validated by a portfolio manager before inclusion in the portfolio—an approach designed for transparency rather than “black box” investment.
The fund will be managed by the firm’s Equity Advantage team, which has been with the firm since 2007 and currently oversees US$50.9 billion in various quantitative strategies for clients worldwide.* The team combines proprietary quantitative insights with perspectives from LAM’s global network of fundamental investors.
“We believe consistent alpha delivered with discipline contributes most to a positive client experience,” said Tony Maddock, Head of UK Third Party Distribution. “For portfolio builders and model portfolio service providers, our Equity Advantage funds are designed to target three outcomes: consistency of relative returns, controlled risk, and a predictable style profile. By design, we believe they can serve as a core equity building block inside an investment portfolio.”
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