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Lazard Emerging Markets Fund S Inc (Restricted Fund)

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider Lazard Fund Managers Limited
Fund Summary The 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 code B9DN3X2
ISIN GB00B9DN3X26
Fund code LZMSI
Managers Monika Shrestha, Rohit Chopra, James Donald
Manager Tenure 13 years
Morningstar Category Global Emerging Markets Equity
IMA Sector Global Emerging Markets
Fund Size £814 million
Fund Type OEIC
Management Style Active
Ongoing Charge Figure (OCF) 0.93%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £1.1190
Buy Price £1.1190
Price Change +0.8109%
Price Date 6th December 2019
Yield 2.18%
Dividend Frequency Semi-Annually
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 5th August 2019
Fund Status OPEN
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: 0.446%

Annual Returns 2018 2017 2016 2015 2014 2013
Fund Performance +6.20% -5.09% +14.15% +46.86% -21.19% +3.80%
Benchmark Performance
(Global Emerging Markets Equity)
+4.61% -0.81% +16.59% +35.54% -13.49%
Time Period Cumulative Benchmark Performance
(Global Emerging Markets Equity)
Fund Compared to Benchmark
1 day 0.77% +9.37% -8.60%
1 week -1.10% -3.42% +2.32%
1 month -3.92% -2.44% -1.48%
3 months -1.49% +2.53% -4.01%
6 months 1.52% +8.13% -6.61%
1 year 6.52% +7.56% -1.04%
3 years 5.09% +6.78% -1.69%
5 years 5.45% +4.50% +0.95%
10 years Currently unavailable Currently unavailable Currently unavailable
YTD 7.81% -1.01% +8.81%
Since inception 3.83% Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
China Construction Bank Corp Class H CHN 5.16%
Samsung Electronics Co Ltd KOR 4.37%
Banco do Brasil SA BB Brasil BRA 3.19%
SK Hynix Inc KOR 3.15%
NetEase Inc ADR CHN 3.11%
Sberbank of Russia PJSC RUS 2.99%
Taiwan Semiconductor Manufacturing Co Ltd TWN 2.96%
America Movil SAB de CV ADR MEX 2.24%
Tata Consultancy Services Ltd IND 2.09%
PT Bank Mandiri (Persero) Tbk IDN 2.04%
Dividend Date Per share amount Reinvestment Price
1st October 2019 0.0210 £1.1384
1st April 2019 0.0066 £1.1185
1st October 2018 0.0180 £1.1037
3rd April 2018 0.0056 £1.2170
2nd October 2017 0.0182 £1.1900
3rd April 2017 0.0048 £1.1820