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Investment Products and Services Launches

Lazard Launches Equity Portfolio; American Century Reorganizes Income Fund; Nuveen Releases ESG U.S. Aggregate Bond ETF; and more.

By Javier Simon editors@strategic-i.com | October 05, 2017
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Lazard Launches Equity Portfolio

The Lazard Equity Franchise Portfolio by Lazard Asset Management (LAM) seeks long-term returns by investing in companies that are considered to have an “economic franchise”—meaning they share a history of stable financial returns, strong earnings forecasts and sustainable competitive advantages.

The fund is managed in accordance with Lazard’s existing Global Equity Franchise strategy, which the team has managed since 2013. That investment team also manages the Lazard Global Listed Infrastructure Equity Portfolio, rated five-star by Morningstar, as of this June 30.

“We believe investing in a concentrated portfolio of companies with a history of predictable earnings and sustainable competitive advantages offers the potential for strong returns with lower volatility over the long term,” says Matthew Landy, portfolio manager of the Lazard Equity Franchise Portfolio.

For more information about LAM, visit Lazardnet.com.

NEXT: American Century Reorganizes Income Fund