Lazard International Strategic Equity Portfolio Institutional Shares (LISIX)
Lazard International Strategic Equity Portfolio Institutional Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $14.93, up 0.07% on the session, giving a market capitalisation of $1.53B. Its beta of 0.88 implies it has historically moved less than the broad market.
The fund primarily invests in shares of international companies, predominantly common stocks, whose main operations are located in countries comprising the MSCI EAFE Index. The Investment Manager selects these firms based on their assessment of undervaluation, considering factors like earnings, cash flow, or asset values. Up to 15% of the portfolio may be allocated to companies conducting their principal business activities in emerging markets. Typically, a minimum of 80% of the fund's total assets will be committed to equity investments.
Lazard International Strategic Equity Portfolio Institutional Shares is most often compared with the following Financial Services names: