Lazard US Short Duration Fixed Income Portfolio Open Shares (UMNOX)
Lazard US Short Duration Fixed Income Portfolio Open Shares operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $9.57, up 0.05% on the session, giving a market capitalisation of $33.3M. Its beta of 0.04 implies it has historically moved less than the broad market.
This investment fund aims to achieve two primary objectives: generating overall financial gains and ensuring the protection of capital. Typically, the portfolio allocates at least 80% of its total holdings to a diverse range of fixed-income instruments issued by U.S. entities. This broad category encompasses various assets such as U.S. government bonds, corporate debt, securities backed by mortgages or other assets, municipal obligations, complex structured financial products, preferred shares, and inflation-protected securities. The fund also retains the flexibility to invest up to 20% of its assets in other types of securities that are not necessarily U.S.-issued or strictly fixed-income in nature.
Lazard US Short Duration Fixed Income Portfolio Open Shares is most often compared with the following Financial Services names: