Lazard Asset Management Launches US Sustainable Equity Portfolio
July 01 2020 - 6:47AM
Business Wire
- Team to be led by Andrew Lacey and Ross
Seiden -
Lazard Asset Management LLC (“LAM”) today announced the launch
of the Lazard US Sustainable Equity Portfolio (Institutional:
SUSTX; Open: SUSLX) (the “Fund”).
The Fund is managed by a highly experienced team with a
long-standing investment process and an average of 23 years in the
industry. The Lazard US Sustainable Equity portfolio management
team is comprised of Andrew Lacey, Ross Seiden, Ronald Temple,
Martin Flood and Jessica Kittay.
“We are investing in companies that are aligned with an
equitable, inclusive and green future as we believe that a
business’s ability to generate sustainable financial returns
depends on how it manages its people, operations, and resources, as
well as how it engages with society,” said Ross Seiden, Portfolio
Manager, Lazard US Sustainable Equity Portfolio. “Put simply,
sustainable investing is synonymous with the principles of smart,
long-term investing.”
The Fund seeks to outperform the S&P 500 Index, investing in
US-listed companies with a market capitalization greater than one
billion USD. The Fund is relatively concentrated and normally will
hold between 40 and 50 positions. In addition to leveraging the
ESG-integrated fundamental research conducted by LAM’s
sector-focused research analysts, the portfolio management team
integrates a robust sustainability framework into its investment
process. The team aims to invest in businesses that generate high
levels of financial productivity, while considering the alignment
of each company’s products, services, and operations with a more
sustainable world.
“We have seen tremendous interest from clients for investment
solutions that are truly rooted in sustainability,” said Ronald
Temple, Head of US Equity at LAM. “Our sector analysts integrate
ESG as a core part of their fundamental research. Understanding
what is material to each company gives us an edge in assessing
sustainability and security selection more broadly.”
As of March 31, 2020, the Lazard US Sustainable Equity portfolio
management team managed more than $20 billion of client assets in
US equity strategies.
LAZ-AM
About Lazard Asset Management (LAM) LLC
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the
Fund’s investment manager, offers a range of equity, fixed-income,
and alternative investment products worldwide. As of May 31, 2020,
LAM and affiliated asset management companies in the Lazard Group
managed $210.8 billion worth of client assets. For more information
about LAM, please visit www.LazardAssetManagement.com. Follow LAM
at @LazardAsset.
Information and opinions presented have been obtained or derived
from sources believed by Lazard to be reliable. Lazard makes no
representation as to their accuracy or completeness. All opinions
expressed herein are as of the published date and are subject to
change.
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.lazardassetmanagement.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: https://www.businesswire.com/news/home/20200701005287/en/
For media inquiries: Hillary Yaffe, Lazard Asset
Management +1 212 632 6528 hillary.yaffe@lazard.com
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