Lazard bond exposure

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Group adds property exposure to its Income Portfolio fund of funds product By Leo Bland Lazard Incom...

Group adds property exposure to its Income Portfolio fund of funds product By Leo Bland Lazard Income Portfolio is investing in the recently launched Portfolio Property fund as part of its move into the Managed Income sector. The fund of funds has been switched from the former Fund of Funds sector to Managed Income as part of the Autif sector reclassification which came into force last month. As part of the switch, the Lazard vehicle is having to boost its fixed interest holdings and cut its equity exposure. As a result it is buying into Portfolio Property and now has a 4.6% exposure to ...

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