The Lazard Asia ex-Japan Equity Advantage strategy seeks to outperform the MSCI All Country Asia ex-Japan Index by 2% per annum with an active risk target of 3%-5% per annum. The portfolio relies on a core, bottom-up approach to achieve these targets while avoiding unwanted top-down or macro exposures. Allocation to Asia ex-Japan stocks will be substantially similar to that of the benchmark. Stocks are selected for the portfolio from an investment universe of approximately 2,600 developed- and emerging-market stocks using an active, quantitatively based investment process that evaluates each company on a daily basis relative to global peers. Each company in the investable universe is measured daily in terms of its growth potential, valuation, market sentiment, and financial quality. Portfolio risks are managed independently by maintaining exposures that are similar to the benchmark including region, industry, country, capitalization, and beta. Expected annual turnover is between 60%-120% and portfolio holdings range between 100-175 securities.
| Type | Lazard |
|---|---|
| Alpha (trailing 3 years) | 2.01 |
| Beta (%, trailing 3 years) | 0.94 |
| Tracking Error (trailing 3 years) | 2.97 |
| R-squared (%, trailing 3 years) | 0.98 |
| Standard Deviation (%, trailing 3 years) | 18.36 |
| Sharpe Ratio (trailing 3 years) | -0.08 |
28-Feb-2025 All values in USD unless otherwise specified Performance Inception: 01-Nov-2011
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.
