Products January 5, 2010
Lazard Launches Infrastructure Mutual Fund
January 5, 2010 (PLANSPONSOR.com) - Lazard Asset Management LLC has announced the launch of the Lazard Global Listed Infrastructure Portfolio (GLIFX, GLFOX) - available to both institutional and individual investors.
Reported by Rebecca Moore
The Lazard Global Listed Infrastructure Portfolio is an actively managed portfolio of infrastructure companies with a minimum market capitalization of $250 million. According to the announcement, the portfolio uses a “preferred infrastructure” approach that focuses primarily on equity securities of companies that own infrastructure assets that exhibit certain desirable characteristics including longevity of the issuer, lower risk of capital loss, and revenues linked to inflation.
The portfolio also generally seeks to substantially hedge foreign currency exposure back to the U.S. dollar.
Lazard’s Global Listed Infrastructure platform currently manages $1.98 billion in institutional mandates.
More information is at http://www.lazard.com.
You Might Also Like:

Difference Between Annuities and Mutual Funds
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

Fund Fees Continue to Decline
Fees fell for active as well as passive funds in 2020, but investors pay more for sustainable investments than traditional...

Products |
Investment Product and Service Launches
Vanguard adds active equity funds to Personal Advisor Services solution, and John Hancock introduces mortgage-backed securities ETF.