Lazard International Dynamic Equity ETF
IEQ is an active ETF designed to capitalize on a diversified portfolio of international equities—where geographic exposure meets strategic opportunity.
The Pendulum Swings toward International Equities
For years, the explosive growth of the US equity market has been driven by large US tech stocks. But as the influence of big tech wanes, the gap between international and US equity market performance is narrowing. Combined with a favorable macroeconomic backdrop—including US policy uncertainty and a weakening US dollar, which has historically served as a tailwind for international firms—we believe international equities are poised for growth in the years to come.
Earnings Growth by Region, Then and Now
As of 29 April 2025
Source: Lazard, Bloomberg, FactSet, MSCI.
Our Investment Philosophy
We believe a systematic investment strategy that leverages fundamental insights is best-positioned to capitalize on international equities’ momentum.
Stocks, Not Styles
- Focus on bottom-up stock selection, avoiding top-down bias.
- Aim for steady excess returns and fewer “out of favor” periods.
Balanced Exposures
- Leverage proprietary definitions of Value, Growth, Quality, and Sentiment to generate industry-leading, risk-adjusted returns through market cycles.
- Disciplined approach to avoid any one factor or style swings.
Model-Driven, Human Touch
- Combine systematic approach with thorough human analysis of all trades.
- Proprietary quantitative research to help improve investor outcomes.
Historically Consistent Performance through Market Cycles
Our team has the freedom and flexibility to do what they do best: core, bottom-up stock selection complemented by ongoing quantitative research. This approach has enabled the team to deliver superior investment results over time, reflected in their steady performance through various market environments.
Historically Consistent Performance in Value and Growth Markets since 2009
As of 31 December 2024. Lazard AC World ex-US Equity Advantage (Gross) performance since 2009. For illustrative purposes only. Past performance is not a reliable guide to future returns.
Source: Lazard, Bloomberg, MSCI.
IEQ offers an opportunity to invest in economies around the world, and our proprietary approach gives us an opportunity set that is unrivaled.
Kurt Livermore
Portfolio Manager/Analyst, IEQ
Harness the Opportunity in International Equities
How to Invest in Lazard ETFs
Lazard ETFs trade intraday on an exchange and are available through various channels, including broker-dealers, investment advisors, and other financial services.
You can invest through your brokerage account or talk to your financial advisor.
Related Insights
Important Information
The financial data presented is provided by external sources. Lazard Asset Management LLC takes reasonable care to ensure that the information provided is correct, but it neither warrants, represents, nor guarantees the content of the information nor does it accept responsibility for errors, inaccuracies, omissions or inconsistencies.
Please consider a fund’s investment objectives, risks, charges, and expenses carefully before investing. For more complete information about Lazard ETFs 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 Lazard ETFs that may not be detailed in this document. The Lazard ETFs are distributed by Foreside Fund Services, LLC.
Investment Products: NOT FDIC INSURED I NOT BANK GUARANTEED I MAY LOSE VALUE
Forward-looking figures represent expected returns. Expected returns do not represent a promise or guarantee of future results and are subject to change.
Equity securities will fluctuate in price; the value of your investment will thus fluctuate, and this may result in a loss. Securities in certain nondomestic countries may be less liquid, more volatile, and less subject to governmental supervision than in one’s home market. The values of these securities may be affected by changes in currency rates, application of a country’s specific tax laws, changes in government administration, and economic and monetary policy. Emerging markets securities carry special risks, such as less developed or less efficient trading markets, a lack of company information, and differing auditing and legal standards. The securities markets of emerging markets countries can be extremely volatile; performance can also be influenced by political, social, and economic factors affecting companies in emerging markets countries.
The MSCI World Index is a free-float-adjusted market capitalization index that is designed to measure global developed market equity performance comprised of developed market country indices. The index is unmanaged and has no fees. One cannot invest directly in an index.
Certain information included herein is derived by Lazard in part from an MSCI index or indices (the “Index Data”). However, MSCI has not reviewed this product or report, and does not endorse or express any opinion regarding this product or report or any analysis or other information contained herein or the author or source of any such information or analysis. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any Index Data or data derived therefrom.