Equity

Asia ex-Japan Equity

Summary

The Lazard Asia ex-Japan Equity Strategy seeks to achieve total annual returns that exceed those of the MSCI Asia (ex-Japan) Index over a complete market cycle. The strategy is driven by stock-selection based on fundamental research and analysis, and is unconstrained by style. The number of holdings range from 45 to 75 across the full market capitalization spectrum.

    Primary Benchmark

    MSCI All Country Asia ex-Japan Index

    Strategy Assets Under Management*

    US$ 1,3 millones

    Inception

    01-Mar-2013

*As of 31-Dec-2024

Type Lazard
Alpha (trailing 3 years) 0.49
Beta (%, trailing 3 years) 0.93
Tracking Error (trailing 3 years) 3.48
R-squared (%, trailing 3 years) 0.97
Standard Deviation (%, trailing 3 years) 18.24
Sharpe Ratio (trailing 3 years) -0.16

28-Feb-2025 All values in USD unless otherwise specified Performance Inception: 01-Mar-2013

Performance for periods shorter than one year has not been annualized.

Performance is presented on both a gross of all fees and net of fees basis. The performance quoted represents past performance. Past performance is not a reliable indicator of future results. Additional information on the fees and expenses applied to obtain net performance returns can be accessed by referencing the GIPS compositeopens in a new tab.

Sector
Lazard (%)
MSCI AC Asia ex-Japan
Overweight/ Underweight
Information Technology 23,49 26,66 -3.17
Financials 20,38 21,83 -1.45
Consumer Discretionary 17,99 15,26 2.73
Industrials 13,67 7,07 6.60
Communication Services 10,67 11,02 -0.35
Health Care 3,28 3,48 -0.20
Consumer Staples 2,74 3,63 -0.89
Materials 2,72 3,52 -0.80
Energy 1,94 2,97 -1.03
Real Estate 1,75 2,17 -0.42
Utilities 0,00 2,40 -2.40
Cash 1,38 0,00 1.38
Sector
Lazard (%)
-
Overweight/ Underweight
Information Technology 23,49 - -
Financials 20,38 - -
Consumer Discretionary 17,99 - -
Industrials 13,67 - -
Communication Services 10,67 - -
Health Care 3,28 - -
Consumer Staples 2,74 - -
Materials 2,72 - -
Energy 1,94 - -
Real Estate 1,75 - -
Utilities 0,00 - -
Cash 1,38 - -

28-Feb-2025 All values in USD unless otherwise specified

Top Holdings
Lazard (%)
Sector
TSMC 12,24 Information Technology
Alibaba 6,22 Consumer Discretionary
Tencent 6,18 Communication Services
Samsung 3,57 Information Technology
China Merchants Bank 3,39 Financials
Shenzhen Inovance Technology 2,91 Industrials
ICBC 2,84 Financials
ASE Technology 2,82 Information Technology
SK hynix 2,54 Information Technology
HDFC Bank 2,52 Financials

28-Feb-2025

As of: 31-Dec-2024