Lazard Asset Management is restructuring its Dublin Ucits range with the merger of four bond funds i...
Lazard Asset Management is restructuring its Dublin Ucits range with the merger of four bond funds into two portfolios and it is also launching an offshore European small-cap fund.
The US Dollar Bond and Diversified Bond funds are to be merged and renamed Lazard Global High Quality Bond fund. Lazards is also putting Sterling High Income into the International Bond and renaming the new portfolio the Lazard Sterling Global High Quality Bond fund.
The Lazard European Smaller Companies Equity fund is based on its existing onshore Oeic managed by William von Meuffling. This is top out of 16 in the European Small Companies sector over one year to 6 November on a fall of 22.5%, according to figures from Standard & Poor's. The fund is third out of 16 over three months on a fall of 14.3%.
As part of the restructuring, Lazards is also combining its previously separate Dublin equity and bond fund ranges into a single platform. The Lazard Global Bond Funds and Lazard Global Equity Funds ranges are being combined to form the Lazard Global Active Funds range.
Other Lazard Dublin-listed funds include the European Equity Fund, Pan-European Equity, UK Equity, Japan, North American Equity, Global Equity and Emerging World Fund.
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