Morningstar Fund Report  | 05/04/2025Print

Lazard Emerging Markets Fund A Inc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Lazard Emerging Markets Fund A Inc
Fund6.7-5.015.49.22.5
+/-Cat8.27.011.31.13.1
+/-B’mrk7.62.811.40.23.3
 
Category: Global Emerging Markets Equity
Category Benchmark: Morningstar EM TME NR USD
Key Stats
NAV
04/04/2025		 GBP 3.00
Day Change -0.76%
Morningstar Category™ Global Emerging Markets Equity
IA (formerly IMA) Sector Global Emerging Markets
ISIN GB0008467101
Fund Size (Mil)
04/04/2025		 GBP 854.19
Share Class Size (Mil)
04/04/2025		 GBP 32.92
Max Initial Charge 3.00%
Ongoing Charge
17/02/2025		  1.04%
Morningstar Research
Analyst Report11/12/2024
Chris Tate, Senior Analyst
Morningstar, Inc

The unwavering commitment this resolute team has shown to Lazard Emerging Markets’ relative value approach keeps its Morningstar Analyst Rating of Bronze for the clean share class. Other share classes range from Silver to Bronze, depending on...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: Lazard Emerging Markets Fund A Inc
The objective of the Sub-Fund is to seek capital growth over at least 5 years. The Sub-Fund will invest at least 70% in the equity and equity-related securities of, or relating to, companies domiciled, incorporated, listed in, or which have a significant portion of their business in Emerging Market Countries (as defined below).
Returns
Trailing Returns (GBP)04/04/2025
YTD-1.06
3 Years Annualised5.64
5 Years Annualised10.84
10 Years Annualised5.29
12 Month Yield 3.20
Dividend Paying Frequency Half-yearly
Management
Manager Name
Start Date
Monika Shrestha
31/03/2006
Rohit Chopra
06/09/1999
Click here to see others
Inception Date
26/05/1997

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI EM NR USDMorningstar EM TME NR USD
Portfolio Profile for  Lazard Emerging Markets Fund A Inc31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock100.100.00100.10
Bond0.000.000.00
Property0.000.000.00
Cash0.000.10-0.10
Other0.000.000.00
Top 5 Regions%
Asia - Emerging38.08
Asia - Developed24.67
Latin America19.35
Africa8.35
Europe - Emerging4.54
Top 5 Sectors%
Financial Services27.95
Technology17.98
Consumer Cyclical12.38
Communication Services9.91
Basic Materials7.53
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology5.27
China Construction Bank Corp Cla... Financial ServicesFinancial Services3.25
OTP Bank PLCFinancial ServicesFinancial Services2.54
ASE Technology Holding Co LtdTechnologyTechnology2.29
NetEase Inc ADRCommunication ServicesCommunication Services2.19
Increase Decrease New since last portfolio
Lazard Emerging Markets Fund A Inc
Growth Of 1000 (GBP) 31/03/2025
Fund:  Lazard Emerging Markets Fund A Inc
Category:  Global Emerging Markets Equity
Category Index:  Morningstar EM TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-13.3113.89-2.426.71-5.0415.369.202.47
+/- Category-2.04-0.38-16.488.177.0211.251.093.15
+/- Category Index-5.85-0.48-16.327.582.8011.380.193.35
% Rank in Category77509691134010
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.76   1.671.45
1 Week-5.29   -1.16-1.52
1 Month-3.42   -0.09-0.66
3 Months-1.77   1.931.58
6 Months-6.10   0.100.30
YTD-1.06   1.751.58
1 Year4.32   3.571.77
3 Years Annualised5.64   4.954.25
5 Years Annualised10.84   4.133.31
10 Years Annualised5.29   1.070.05
 
Category: Global Emerging Markets Equity
Category Index: Morningstar EM TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.47---
20242.936.072.95-2.85
20234.342.842.395.00
2022-1.45-4.89-2.153.53
20213.445.01-1.23-0.54
2020-25.6413.98-2.5718.17
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighBelow Average5 star
5-YearHighAverage5 star
10-YearAbove AverageAbove Average4 star
OverallHighAverage5 star
 
Category :  Global Emerging Markets EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev11.51 %
3-Yr Mean Return8.23 %
 
3-Yr Sharpe Ratio0.34
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar EM TME NR USD  Cat 50%JPM EMBI Plus TR&50%MSCI EM NR
3-Yr Beta0.911.10
3-Yr Alpha4.854.79
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 18929-
Market Capitalisation% of Equity
Giant42.22
Large37.45
Medium19.52
Small0.81
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.600.73
Price/Book1.290.78
Price/Sales0.840.57
Price/Cash Flow4.600.72
Dividend-Yield Factor5.221.63
 
Long-Term Projected Earnings Growth7.970.76
Historical Earnings Growth7.431.34
Sales Growth4.230.92
Cash-Flow Growth5.421.16
Book-Value Growth7.260.83
 
Category: Global Emerging Markets Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock100.100.00100.10
Bond0.000.000.00
Property0.000.000.00
Cash0.000.10-0.10
Other0.000.000.00
World Regions31/01/2025
 % of EquityRelative to Category
United States0.760.90
Canada0.000.00
Latin America19.352.11
United Kingdom1.404.60
Eurozone2.862.23
Europe - ex Euro0.000.00
Europe - Emerging4.542.06
Africa8.352.42
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed24.670.85
Asia - Emerging38.080.78
 
Category: Global Emerging Markets Equity
Sector Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials7.531.75
Consumer CyclicalConsumer Cyclical12.380.84
Financial ServicesFinancial Services27.951.16
Consumer DefensiveConsumer Defensive7.501.58
HealthcareHealthcare4.391.25
UtilitiesUtilities2.621.45
Communication ServicesCommunication Services9.910.96
EnergyEnergy5.561.77
IndustrialsIndustrials4.190.64
TechnologyTechnology17.980.72
 
Category: Global Emerging Markets Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings80
Total Number of Bond Holdings0
Assets in Top 10 Holdings25.99
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan5.27
China Construction Bank Corp Class H103China3.25
OTP Bank PLC103Hungary2.54
ASE Technology Holding Co Ltd311Taiwan2.29
NetEase Inc ADR308China2.19
BB Seguridade Participacoes SA103Brazil2.18
Alibaba Group Holding Ltd ADR102China2.13
Indus Towers Ltd Ordinary Shares308India2.08
MediaTek Inc311Taiwan2.07
SK Hynix Inc311Korea, Republic Of1.99
 
Increase Decrease New since last portfolio
Category: Global Emerging Markets Equity
 
Management
Name of CompanyLazard Fund Managers Limited
Phone-
Website -
Address50 Stratton Street,
 London   W1J 8LL
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date26/05/1997
Fund Advisor(s)
Lazard Asset Management Ltd
Fund ManagerMonika Shrestha
Manager Start Date31/03/2006
Career Start Year1997
Education
University of Pennsylvania, B.S.
University of Pennsylvania, B.S.
Harvard University, M.B.A.
 
Biography
Monika Shrestha is a Portfolio Manager/Analyst on the Emerging Markets Equity team, responsible for research coverage of companies in the financials sector. She began working in the investment field in 1997. Prior to joining Lazard in 2003, Monika was a principal at Waterview Advisors and a Corporate Finance Analyst with Salomon Smith Barney. She has an MBA from Harvard Business School, a BSE in Computer Science and Engineering and a BS in Economics (with a concentration in Finance) from the University of Pennsylvania.
Fund ManagerRohit Chopra
Manager Start Date06/09/1999
Career Start Year1996
Education
1999, New York University (Stern), B.S.
 
Biography
Rohit Chopra is a Portfolio Manager/Analyst on the Emerging Markets Equity team, focusing on consumer and telecommunications research and analysis. He began working in the investment field in 1996. Prior to joining the Firm in 1999, Rohit was with Financial Resources Group, Deutsche Bank and Morgan Stanley. He has a BS in Finance and Information Systems from New York University and also studied at the London School of Economics and Political Science. Rohit has been accepted as a Young Global Leader (YGL) in 2016 by the World Economic Forum, which engages the top political, business.
Fund ManagerJames Donald
Manager Start Date06/09/1999
Career Start Year1983
Education
1993, University of Western Ontario, B.A.
 
Biography
James Donald is a Managing Director and Head of Emerging Markets and Portfolio Manager/Analyst on the Emerging Markets Equity team. He is also a member of the International Equity Select with Emerging Markets team. Since joining Lazard in 1996, James has been instrumental in developing and coordinating the emerging markets activities at Lazard. He began working in the investment field in 1983. Prior to joining Lazard, James was a Portfolio Manager with Mercury Asset Management. He has a BA (Hons) in history from the University of Western Ontario. James is a CFA® charterholder.
Fund ManagerGanesh Ramachandran
Manager Start Date01/07/2020
Career Start Year1997
Education
University of Rochester, M.B.A.
Indian Institute of Technology, B.S.
 
Biography
Ganesh Ramachandran is a Managing Director and Portfolio Manager/Analyst specializing in emerging markets currency and debt. Ganesh has been a member of the Emerging Income management team since early 2001. He began working in the investment field in 1997 when he joined the Firm. Ganesh has his MBA from the University of Rochester, Simon School of Business and a BS in Chemical Engineering from the Indian Institute of Technology at Madras.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge3.00%
Max Exit Charge*2.00%
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.04%
Purchase Details
Minimum Investments
Initial500  GBP
Additional500  GBP
Savings0  GBP
Tax Free Savings Schemes
ISAsYes