Lazard Asset Management lowers minimum investment for global listed infrastructure and emerging markets funds
Investment manager, Lazard Asset Management Pacific Co. today announced the lowering of minimum investment for two of its funds to A$20,000.
The two funds are the Lazard Emerging Markets Equity Fund and Lazard Global Listed Infrastructure Fund.
These funds now join Lazard’s other Australian Unit Trusts that have minimum investment of $20,000. The seven other Funds are:
- Lazard Australian Equity Fund
- Lazard Select Australian Equity Fund
- Lazard Australian Diversified Income Fund
- Lazard Emerging Markets Total Return Debt Fund
- Lazard Global Equity Franchise Fund
- Lazard Global Small Cap Fund
- Lazard Global Equity Advantage Plus Fund
Lazard Asset Management Asia-Pacific CEO Robert Prugue said the move was in response to increasing demand and enquiry from the ever growing Self-Directed and Self-Managed Super Fund markets within Australia for these funds.
“The Global Listed Infrastructure Fund and the Emerging Markets Equity Fund both have strong long-term track records and are managed by highly regarded investment teams. Both of these funds offer diversification and growth opportunities for investors.
“Emerging markets equities as a whole are currently trading at low relative valuations that we find compelling as long-term investors. “
“However investing selectively in emerging markets equities is key. We only invest in companies that we believe exhibit strong, sustainable financial productivity at attractive valuations.”
“The Global Listed Infrastructure fund aims to facilitate investment in long duration assets, which produce real returns over a long term time horizon. In an uncertain world, this fund offers real diversification benefits for an Australian investor’s portfolio,” Mr. Prugue said.
“The lowering of minimum investments has got a positive response from the retail market in Australia. We have seen heightened interest from investors as awareness of both the performance of our funds and understanding of our active investment approach has increased.”
“Our approach to investing is based on bottom-up research focused on identifying under-valued companies and investing in them with a long-term time horizon.
“It’s an approach that is resonating with investors and it’s something the firm has been doing successfully for a long time now,” Mr. Prugue said.
