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Lazard Emerging Markets Fund S Inc (Restricted Fund)

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund ProviderLazard Fund Managers Limited
Fund SummaryThe objective of the Sub-Fund is to seek capital growth over at least 5 years. The Sub-Fund will invest at least 70% in the equity and equity-related securities of, or relating to, companies domiciled, incorporated, listed in, or which have a significant portion of their business in Emerging Market Countries (as defined below). Such securities may include exchange traded and over-the-counter common and preferred stocks, warrants, rights (which are issued by a company to allow holders to subscribe for additional securities issued by that company), depositary receipts and preference shares. The Sub-Fund is actively managed and may invest in any industry sector. “Emerging Market Countries” include all countries represented in the MSCI Emerging Markets Index and any countries (i) having an “emerging stock market” as defined by the International Finance Corporation; (ii) countries with low to middle income economies according to the World Bank; or (iii) countries identified in World Bank publications as developing. The Sub-Fund may also invest in units or shares of other collective investment schemes (which may also include exchange traded funds), investment grade government, corporate fixed income securities including convertible debt securities, cash and near cash. The Sub-Fund may invest in shares or units of collective investment schemes which are managed or operated by the ACD or an associate of the ACD. The Sub-Fund may use derivatives and forward transactions for the purposes of efficient portfolio management. The ACD considers that the use of derivatives for this purpose is not likely to affect the volatility or risk profile of the Sub-Fund. While the Sub-Fund investments will have no direct connection to any specific index or to any sector or industry weights, for performance reporting purposes, a comparison will be made against the MSCI Emerging Markets Index. However, the Sub-Fund is not constrained by this Index, and nor does the Sub-fund seek to target
SEDOL codeB9DN3X2
ISINGB00B9DN3X26
Fund codeLZMSI
ManagersMonika Shrestha, Rohit Chopra, James Donald, Ganesh Ramachandran
Manager Tenure14 years
Morningstar CategoryGlobal Emerging Markets Equity
IMA SectorGlobal Emerging Markets
Fund Size£524 million
Fund TypeOEIC
Management StyleActive
Ongoing Charge Figure (OCF)0.93%
Cavendish ongoing charge0.05%
FundsNetwork Service Fee0.20%
Minimum Initial Investment£25
Minimum Top Up£25
Minimum Monthly Investment£25
Sell Price£0.9701
Buy Price£0.9701
Price Change+0.0104%
Price Date25th September 2020
Yield3.07%
Dividend FrequencySemi-Annually
ISA EligibleYes
SIPP EligibleYes
Inception Date5th August 2019
Fund StatusOPEN
Monika Shrestha, a Director of Lazard, is a portfolio manager/analyst on the Investment Manager’s Emerging Markets Equity team, responsible for research coverage of companies in the financials sector. Prior to joining Lazard in 2003, Ms. Shrestha was a principal at Waterview Advisors and a Corporate Finance Analyst with Salomon Smith Barney. Ms. Shrestha began working in the investment field in 1997. She has an MBA from the Harvard Business School, a BSE in Computer Science and Engineering and a BS in Economics (with a concentration in Finance) from the University of Pennsylvania.

3-year Mean Monthly Return: -0.394%

Annual Returns2019201820172016201520142013
Fund Performance-12.74%+6.35%-0.88%+25.84%+7.47%-6.38%+6.65%
Benchmark Performance
(Global Emerging Markets Equity)
-2.14%+4.81%+3.93%+25.17%+5.08%
Time PeriodCumulativeBenchmark Performance
(Global Emerging Markets Equity)
Fund Compared to Benchmark
1 day0.01%-0.68%+0.69%
1 week-3.94%-1.42%-2.52%
1 month-2.40%+3.86%-6.26%
3 months-1.36%+20.41%-21.77%
6 months9.76%+2.97%+6.79%
1 year-12.59%+2.22%-14.81%
3 years-4.76%+11.39%-16.15%
5 years7.67%+4.62%+3.05%
10 yearsCurrently unavailableCurrently unavailableCurrently unavailable
YTD-17.19%-2.58%-14.61%
Since inception1.61%Currently unavailableCurrently unavailable

Top 10 shares for this fund

Share NameCountryValue
China Construction Bank Corp Class HCHN4.39%
Samsung Electronics Co LtdKOR4.15%
SK Hynix IncKOR3.52%
iShares Core MSCI EM IMI ETF USD AccIRL2.77%
Vanguard FTSE Emerg Markets ETF $DisIRL2.76%
Sberbank of Russia PJSCRUS2.75%
Taiwan Semiconductor Manufacturing Co LtdTWN2.44%
America Movil SAB de CV ADRMEX2.33%
China Mobile Ltd ADRCHN2.33%
PJSC Lukoil ADRRUS2.22%
Dividend DatePer share amountReinvestment Price
1st April 20200.0089£0.8518
1st October 20190.0210£1.1384
1st April 20190.0066£1.1185
1st October 20180.0180£1.1037
3rd April 20180.0056£1.2170
2nd October 20170.0182£1.1900