Lazard flagship fund ‘highly recommended’
Leading research houses, Lonsec and Zenith Investment Partners both rated Lazard Asset Management's flagship Select Australian Equity Fund as "highly recommended".
Lazard Australian Equity Portfolio manager, Rob Osborn, said the high conviction fund had outperformed the S&P/ASX200 since its inception in 2002.
"We take a long-term view and build portfolios that can be quite different than those of our competitors and the index," he said.
"For over a decade, our process of identifying intrinsic value has remained relatively unchanged and over time, we believe this has provided our clients with a compelling rate of return."
The 2014 Money Management/Lonsec Australian Equities (Broad Cap) Fund Manager of the Year Award winner also saw its Australian Diversified Income Fund upgraded to "recommended" following Lonsec's most recent review of the fund.
Recommended for you
VanEck is expanding its fixed income range with a new ETF this week to complement its existing subordinated debt strategy which has received $1 billion in inflows this year.
Specialist global equities manager Nanuk has celebrated 10 years of its flagship New World Fund and is actively considering its next possible vehicle.
Australian equities manager Datt Capital has built a retail-friendly version of its small-cap strategy for advisers, previously only available for wholesale investors.
The dominance of passive funds is having a knock-on effect on Australia’s M&A environment by creating a less responsive shareholder base, according to law firm Minter Ellison.

