The Global Equity Franchise team believes that investing in companies with stable and predictable earnings provides a solid foundation for achieving smoother returns and reducing overall portfolio risk. Their approach emphasizes consistency, helping investors navigate market fluctuations with greater confidence.
Strong Operational Performance at a Discount
The investment team focuses on companies’ operating performance and exercises discipline in what they pay for these opportunities. The companies held tend to generate significantly more cash and use their assets more efficiently than those in the MSCI World Index. At the same time, these companies are often priced lower, suggesting that despite their strong financial performance, the companies held are undervalued by the market.
As of 30 June 2025. Lazard estimates based on historical financial accounts of companies held in the fully discretionary account. All estimates are based on current information and are subject to change. Investment characteristics are based upon a fully discretionary account. This information is for illustrative purposes only. Please refer to “GIPS® Composite Information” for additional information including net-of-fee results. The performance quoted represents past performance. Past performance does not guarantee future results. The index is unmanaged and has no fees. One cannot invest directly in an index.
Benchmark: MSCI World. Source: Lazard, FactSet, MSCI
Leverage earnings predictability to uncover value, manage risk, and pursue resilient returns in uncertain markets.
Companies with strong economic moats, stable earnings growth, and attractive valuations seek to deliver long-term returns and downside protection.
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This information is provided for information purposes only. Nothing herein constitutes investment advice or a recommendation relating to any security, commodity, derivative, investment management service or investment product. Investments in securities, derivatives and commodities involve risk, will fluctuate in price, and may result in losses. Certain assets held in Lazard’s investment portfolios, in particular alternative investment portfolios, can involve high degrees of risk and volatility when compared to other assets. Similarly, certain assets held in Lazard’s investment portfolios may trade in less liquid or efficient markets, which can affect investment performance. Past performance is not a reliable indicator of future results. The value of investments and the income from them can fall as well as rise and you may not get back the amount you invested.
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