Lazard Equity Franchise Portfolio Open Shares (LZFOX)
Lazard Equity Franchise Portfolio Open Shares operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $7.24, up 0.14% on the session, giving a market capitalisation of $35.4M. On trailing twelve-month figures it carries a trailing P/E of 12.07, a net margin of 17.2%. Its beta of 0.77 implies it has historically moved less than the broad market.
The Portfolio primarily invests in equity instruments, notably common stocks, issued by companies based in the United States and abroad, including those within emerging market economies. It strategically targets businesses that the Investment Manager determines possess a powerful "economic franchise," characterized by a demonstrated history of achieving unleveraged returns at or above their cost of capital for extended periods. These investments typically involve securities listed on a national or other officially recognized exchange. The Portfolio is permitted to invest in companies of any market capitalization and is classified as non-diversified.
Lazard Equity Franchise Portfolio Open Shares is most often compared with the following Financial Services names: