Lazard Emerging Markets Instl Inc (FUND:0846710) - Overview

Fund Report

Lazard Emerging Markets Institutional Inc

Key Stats
Morningstar® CategoryGlobal Emerging Markets Equity
Manager NameJames Donald
Inception Date26/05/1997
NAV 05/12/2016GBX 252.90
Day Change0.08%
12 Month Yield1.38%
ISINGB0008467101
SEDOL0846710
Dividend FrequencySemi-Annually
Net Assets (mil) 31/08/2016861.33 GBP
Wrapper AvailabilityAll
Our Minimum Initial Investment1.00 Share
Pricing FrequencyDaily
Dealing Cut off Time11:00:00
Regular InvestmentYes
Actual Initial Charge0.00%
Exit Charge-
Custody ChargeYes
Fund Ongoing Charge1.08%
AMC1.00%
Fund Rebate0.05%

Morningstar Rating™

StarRatingValueLabel_3

Benchmarks

Fund Benchmark

MSCI EM NR USD

Morningstar® Benchmark

MSCI EM NR USD

Morningstar Analyst Rating™ *

Silver

Growth Of 10,000 (GBP) 30/11/2016

How has this security performed
20122013201420152016
Fund16.18-2.281.32-15.6240.52
Category11.98-3.213.25-9.4228.12
Benchmark13.03-4.413.90-9.9930.88
  • Fund: Lazard Emerging Markets Institutional Inc
  • Category: Global Emerging Markets Equity
  • Benchmark: MSCI EM NR USD
Trailing Returns % (GBP) 05/12/2016
FundCatBmark
YTD37.0025.8427.39
3 Years Annualised5.635.345.67
5 Years Annualised5.134.414.31
10 Years Annualised7.575.866.57

Morningstar SRRI

Lower Risk
Higher Risk
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Potentially Lower ReturnsPotentially Higher Returns
Source: Morningstar

Investment Objective

"Lazard Emerging Markets Fund (the Fund) aims to achieve long term capital growth through investment in shares of companies which are based or have significant business interests in developing and emerging market countries.The Fund has discretion as to which shares it will hold and aims to generate returns that are better than the returns of the MSCI Emerging Markets Index. The Fund will seek to acquire shares of companies which are selling for low prices relative to the financial strength of the companies (i.e. shares which are undervalued).Portfolio transactions costs are higher for the type of securities that the Fund invests in.Income and profits, if any, attributable to your shares will not be paid out as a dividend, but will be accumulated in the Fund on your behalf and reflected in an increase in the value of your shares.You can sell your shares back to the Fund on any day normally treated as a business day in United Kingdom."

Portfolio Profile31/08/2016

Morningstar Style Box®

Equity Style

Large, Mid, SmallSize
Value, Blend, Growth
Style
Top Holdings
NameSector%
IncreaseDecreaseNew since last portfolio
Taiwan Semiconductor Manufacturing Co Ltd Technology4.39
IncreaseChina Construction Bank Corp H Financial Services4.37
Sberbank of Russia PJSC Financial Services3.56
Samsung Electronics Co Ltd Technology3.56
China Mobile Ltd ADR Communication Services2.96
Asset Allocation %
LongShortNet
Stocks97.680.0097.68
Bonds0.000.000.00
Cash2.460.202.26
Other0.060.000.06
Top Stock Regions
Region%
Asia - Emerging39.77
Asia - Developed19.08
Europe - Emerging16.05
Latin America15.91
Africa9.19
Top Stock Sectors
Stock Sector%
Financial Services31.72
Technology23.67
Communication Services11.35
Consumer Cyclical9.78
Energy7.25
AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. AJ Bell procures the provision of the Morningstar Licensed Tools on an “as is” basis and does not guarantee the performance of or accept liability for the Licensed Tools. To the maximum extent permitted by law, AJ Bell excludes liability for the Licensed Tools, including liability for any failure, interruption, delay or defect in the performance of any Licensed Tool, unless it arises as a direct result of the negligence of AJ Bell.
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