Lazard Global Listed Infrastructure Fund Wins Two Lipper Fund Awards
March 24 2017 - 6:49AM
Business Wire
Fund Honored for Third Consecutive Year
Lazard Asset Management LLC today announced that the Lazard
Global Listed Infrastructure Portfolio (Institutional: GLIFX; Open:
GLFOX) received two 2017 Thomson Reuters Lipper Fund Awards in
recognition of its superior performance in the Global
Infrastructure Funds category.
The Lazard Global Listed Infrastructure Portfolio was awarded
best fund in the Global Infrastructure Funds category for the
three-year period for its third year, and the best over the
five-year period for its second year. It ranked #1 out of 59
eligible funds for the three-year period, and #1 out of 42 eligible
funds for the five-year period.
“We are proud to be recognized by Lipper for performance
excellence for the third consecutive year,” said Charles Burgdorf,
Managing Director and Co-Head of the Financial Institutions Group
at Lazard Asset Management. “This award is a testament to the
talent and expertise of our Global Listed Infrastructure investment
team, and their proven valuation-driven investment process.”
The Lazard Global Listed Infrastructure Portfolio seeks total
return by investing in preferred infrastructure companies deemed to
be of high quality. The Portfolio seeks long-term, low-volatility
returns that exceed inflation and may be a powerful complement to
real assets, private equity infrastructure, and global equity
allocations. The investment team is among the pioneers in listed
infrastructure investing and its members have worked together for
over a decade.
The Thomson Reuters Lipper Fund Awards honor funds and fund
management firms that have excelled in providing consistently
strong risk-adjusted performance relative to their peers.
About Lazard
Lazard, one of the world’s preeminent financial advisory and
asset management firms, operates from 43 cities across 27 countries
in North America, Europe, Asia, Australia, Central and South
America. With origins dating to 1848, the firm provides advice on
mergers and acquisitions, strategic matters, restructuring and
capital structure, capital raising and corporate finance, as well
as asset management services to corporations, partnerships,
institutions, governments, and individuals. For more information on
Lazard, please visit www.lazard.com.
An indirect subsidiary of Lazard Ltd (NYSE:LAZ), Lazard Asset
Management offers a range of equity, fixed income, and alternative
investment products worldwide. As of December 31, 2016, Lazard
Asset Management and affiliated asset management companies in the
Lazard Group managed $198 billion worth of client assets. For more
information about Lazard Asset Management, please visit
www.lazardnet.com.
Lipper Fund Classification Awards Methodology
The currency for the calculation corresponds to the currency of
the country for which the awards are calculated and relies on
monthly data. Classification averages are calculated with all
eligible share classes for each eligible classification. The
calculation periods extend over 36, 60, and 120 months. The highest
Lipper Leader for Consistent Return (Effective Return) value within
each eligible classification determines the fund classification
winner over three, five, or ten years. For a detailed explanation,
please review the Lipper Leaders methodology documents on the
Lipper Leaders Information page.
Past performance is not a guarantee of future results.
Understanding Investment Risk
Securities and instruments of infrastructure companies are more
susceptible to adverse economic or regulatory occurrences affecting
their industries. Infrastructure companies may be subject to a
variety of factors that may adversely affect their business or
operations, including additional costs, competition, regulatory
implications, and certain other factors. The Portfolio invests in
stocks believed by Lazard to be undervalued, but that may not
realize their perceived value for extended periods of time or may
never realize their perceived value. The stocks in which the
Portfolio invests may respond differently to market and other
developments than other types of stocks. The Portfolio seeks to
substantially hedge foreign currency exposure back to the US
dollar. The Portfolio’s total foreign currency exposure may not be
fully hedged at all times. Irrespective of any foreign currency
exposure hedging, the Portfolio may experience a decline in the
value of its portfolio securities, in US dollar terms, due solely
to fluctuations in currency exchange rates. Derivative transactions
may reduce returns or increase volatility and a small investment in
certain derivatives could have a potentially large impact on the
Portfolio’s performance. Because the Portfolio invests in a
relatively smaller number of issuers than other investment
portfolios, its net asset value could be more susceptible to
adverse effects of any single corporate, economic, political,
regulatory, or other occurrence.
Please consider a fund’s investment objectives, risks,
charges, and expenses carefully before investing. For more complete
information about The Lazard Funds, Inc. and current performance,
you may obtain a prospectus or summary prospectus by calling
800-823-6300 or going to www.lazardnet.com. Read the
prospectus or summary prospectus carefully before you invest. The
prospectus and summary prospectus contain investment objectives,
risks, charges, expenses, and other information about the Portfolio
and The Lazard Funds that may not be detailed in this document. The
Lazard Funds are distributed by Lazard Asset Management Securities
LLC.
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version on businesswire.com: http://www.businesswire.com/news/home/20170324005091/en/
Media:For Lazard:Clare Pickett,
212-632-6963clare.pickett@lazard.comorRobin Pertusi, 212-279-3115
ext. 254rpertusi@prosek.com
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