Lazard Asset Management has launched the Lazard Equity Franchise Portfolio, which seeks long-term returns by investing in companies that are considered to have an “economic franchise,” meaning companies that share a combination of a history of stable financial returns, strong earnings forecastability, and sustainable competitive advantages.
The Fund is managed in accordance with Lazard’s existing Global Equity Franchise strategy, which the team has managed since 2013.
“We believe investing in a concentrated portfolio of companies with a history of predictable earnings and sustainable competitive advantages offers the potential for strong returns with lower volatility over the long-term,” says Matthew Landy (pictured), Portfolio Manager of the Lazard Equity Franchise Portfolio.
