Lazard Asset Management

AI token demand is surging, elevating a small group of Asian suppliers—and the overlooked supply chain capturing one of AI’s strongest margins.

Emerging markets are diverging as AI, geopolitics, and energy shocks create selective opportunities across Asia and commodity exporters worldwide.

We believe investors seeking stable returns through various market environments can benefit from low tracking error strategies that prioritize bottom-up, idiosyncratic stock selection over big macro bets.