Lazard International Dynamic Equity ETF
IDEQ is an active ETF designed to capitalize on a diversified portfolio of international equities—where geographic exposure meets strategic opportunity.
The Pendulum Swings toward International Equities
For years, the explosive growth of the US equity market has been driven by large US tech stocks. But as the influence of big tech wanes, the gap between international and US equity market performance is narrowing. Combined with a favorable macroeconomic backdrop—including US policy uncertainty and a weakening US dollar, which has historically served as a tailwind for international firms—we believe international equities are poised for growth in the years to come.
Earnings Growth by Region, Then and Now
As of 29 April 2025
Source: Lazard, Bloomberg, FactSet, MSCI.
Our Investment Philosophy
We believe a systematic investment strategy that leverages fundamental insights is best-positioned to capitalize on international equities’ momentum.
Stocks, Not Styles
- Focus on bottom-up stock selection, avoiding top-down bias.
- Aim for steady excess returns and fewer “out of favor” periods.
Balanced Exposures
- Leverage proprietary definitions of Value, Growth, Quality, and Sentiment to generate industry-leading, risk-adjusted returns through market cycles.
- Disciplined approach to avoid any one factor or style swings.
Model-Driven, Human Touch
- Combine systematic approach with thorough human analysis of all trades.
- Proprietary quantitative research to help improve investor outcomes.
Historically Resilient through Market Cycles
Our team has the freedom and flexibility to do what they do best: core, bottom-up stock selection complemented by ongoing quantitative research. This approach has enabled the team to deliver investment results over time, reflected in their steady performance through various market environments.
Performance Relative to Peer Group (As of 30 June 2025)
As of 30 June 2025
The percentile ranks are based on the number of funds in the Morningstar Foreign Large Blend category: 1 Year – 685, 3 Year – 659 funds, 5 Year – 634 funds, 10 Year – 523 funds.
The performance quoted represents past performance. Past performance does not guarantee future results. Net-of-fees performance is measured from inception. ETF performance fluctuates and currently may be lower than stated. An investor may obtain performance data current to the most recent month-end online at www.LazardAssetManagement.com. The investment return and principal value of the Portfolio will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost. Returns of certain share classes reflect reimbursement of expenses as described in the prospectus. Had expenses not been reimbursed, returns would have been lower and the expense ratio would have been higher.
The MSCI EAFE Index (Europe, Australasia, Far East) is a free-float-adjusted market capitalization index that is designed to measure developed market equity performance, consisting of developed market country indices excluding the United States and Canada. The index is unmanaged and has no fees. One cannot invest directly in an index.
The MSCI All Country World ex-US Index (ACWI ex-US) is a free-float-adjusted, market capitalization–weighted index designed to measure the performance of developed and emerging equity markets outside the United States. The index is unmanaged and has no fees. One cannot invest directly in an index.
Effective as of May 1, 2023, the MSCI ACWI ex-US Index replaced the MSCI EAFE Index as the Predecessor Mutual Fund's primary index in connection with the investment universe expanding to include emerging markets countries. The Benchmark performance reflects the performance of MSCI EAFE Index until May 1, 2023, and MSCI ACWI ex US Index beginning on that date.
Source: Lazard, Bloomberg, Morningstar, MSCI
IDEQ offers an opportunity to invest in economies around the world, and our proprietary approach gives us an opportunity set that is unrivaled.
Kurt Livermore
Portfolio Manager/Analyst, IDEQ
Harness the Opportunity in International Equities
How to Invest in Lazard ETFs
Lazard ETFs trade intraday on an exchange and are available through various channels, including broker-dealers, investment advisors, and other financial services.
You can invest through your brokerage account or talk to your financial advisor.
Related Insights
Important Information
The financial data presented is provided by external sources. Lazard Asset Management LLC takes reasonable care to ensure that the information provided is correct, but it neither warrants, represents, nor guarantees the content of the information nor does it accept responsibility for errors, inaccuracies, omissions or inconsistencies.
Please consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. For more complete information about Lazard ETFs and current performance, you may obtain a prospectus or summary prospectus by calling 800-823-6300 or going to www.lazardassetmanagement.com. Read the prospectus or summary prospectus carefully before you invest. The prospectus and summary prospectus contain investment objectives, risks, charges, expenses, and other information about the Portfolio and Lazard ETFs that may not be detailed in this document.
The Lazard ETFs are distributed by Foreside Fund Services, LLC.
Investment Products: NOT FDIC INSURED I NOT BANK GUARANTEED I MAY LOSE VALUE
Forward-looking figures represent expected returns. Expected returns do not represent a promise or guarantee of future results and are subject to change.
Equity securities will fluctuate in price; the value of your investment will thus fluctuate, and this may result in a loss. Securities in certain nondomestic countries may be less liquid, more volatile, and less subject to governmental supervision than in one’s home market. The values of these securities may be affected by changes in currency rates, application of a country’s specific tax laws, changes in government administration, and economic and monetary policy. Emerging markets securities carry special risks, such as less developed or less efficient trading markets, a lack of company information, and differing auditing and legal standards. The securities markets of emerging markets countries can be extremely volatile; performance can also be influenced by political, social, and economic factors affecting companies in emerging markets countries.
The MSCI World Index is a free-float-adjusted market capitalization index that is designed to measure global developed market equity performance comprised of developed market country indices. The index is unmanaged and has no fees. One cannot invest directly in an index.
Certain information included herein is derived by Lazard in part from an MSCI index or indices (the “Index Data”). However, MSCI has not reviewed this product or report, and does not endorse or express any opinion regarding this product or report or any analysis or other information contained herein or the author or source of any such information or analysis. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any Index Data or data derived therefrom.