Emerging markets, once a niche asset class, has evolved into a vast opportunity set, composed of roughly 76 countries and representing more than half of the global economy.
We believe emerging markets are on the cusp of a resurgence, driven by shifting demographics and a series of positive economic developments.
Over the next 10 years, two billion people are expected to join these economies, generating wealth, driving demand, and creating attractive investment opportunities.
Being able to understand these unique growth drivers is what sets us apart.
Emerging Markets Are Significant Contributors to Global GDP
As of 31 January 2025.
*Gross GDP is on purchasing power parity basis.
Source: Haver Analytics, IMF
Since launching our first emerging markets strategy more than 30 years ago, we've navigated multiple economic cycles and developed unique solutions across various geographies and capital structures.
Our resilience through economic crises, monetary shifts, geopolitical tensions, global pandemics, and market volatility has strengthened our approach.
Years in Emerging Markets Investing
Emerging Markets Investment Professionals
Emerging Markets Assets Under Management1
Emerging Market Countries Invested in2
Our long-term presence and proven track record underscore our unwavering dedication to harnessing the full potential of emerging markets to generate alpha. It’s against this backdrop that we establish innovative investment solutions—all built with confidence and conviction. Our aim is to provide clients with a variety of options for investing in emerging markets that meet their diverse range of investment objectives and financial goals.
MSCI Emerging Markets Index
MSCI Emerging Markets Index
MSCI Emerging Markets Index
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Notes
1. As of 30 June 2025. Include those of Lazard Asset Management LLC (New York) and its affiliates, but do not include those of Lazard Frères Gestion (Paris) or other asset management businesses of Lazard Ltd.
2. Firm Wide, as of 30 June 2025.
Important Information
This document reflects the views of Lazard Asset Management LLC or its affiliates ("Lazard") based upon information believed to be reliable as of the publication date. There is no guarantee that any forecast or opinion will be realized. This document is provided by Lazard for informational 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 does not guarantee future results. The views expressed herein are subject to change, and may differ from the views of other Lazard investment professionals.
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