Lazard Asset Management is restructuring its Dublin-based Ucits range with the merger of four bond f...
Lazard Asset Management is restructuring its Dublin-based Ucits range with the merger of four bond funds into two portfolios.
The US Dollar Bond and Diversified Bond funds are to be merged and renamed the Lazard Global High Quality Bond fund.
The group is also combining its Sterling High Income and International Bond portfolios into the Lazard Sterling Global High Quality Bond fund.
In addition, Lazards plans to launch an offshore European small-cap fund.
The Lazard European Smaller Companies Equity portfolio will be based on the group's existing onshore Oeic, managed by William von Meuffling, which is ranked first out of 16 funds in the European smaller companies sector over one year to 6 November on a fall of 22.5%, according to figures from Standard & Poor's.
Over three months, the fund is third out of 16 funds on a fall of 14.3%, bid to bid.
As part of the restructuring, Lazards is also combining its previously separate Dublin-based equity and bond fund ranges into a single platform. The Lazard Global Bond and Global Equity portfolios are being combined to form the Lazard Global Active Funds range.
Other Lazards Dublin-listed funds include the European Equity, Pan-European Equity, UK Equity, Japan, North American Equity, Global Equity and Emerging World funds.
Our weekly heads-up for advisers
'Nothing can prevent scammers developing workarounds'
Stalwart Scottish Mortgage takes third place
Consistency and compliance vs. slower reaction time
Search for replacement to begin imminently