Lazard Emerging Markets Retail Accumulation Units
Also available as income units
At a glance
| Initial charge | 3.75% |
|---|---|
| Initial saving | 3.75% |
| Annual charge | 1.50% |
| Annual saving | 0.250% ² |
| Total Expense Ratio | 1.69% |
| Launch date | 26-05-1997 |
| Launch price | £1.00 |
| Sector | Global Emerging Mkts |
| Fund size | £263 million |
| Number of holdings | 81 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
James Donald believes that in the short term emerging markets face two significant challenges: inflation and the prospect of a sharp drop in commodity prices. Despite these headwinds, he is encouraged by the long term outlook. This fund has outperformed many of its peers this year because of its low exposure to China, and bias towards South Africa. Stock selection in South Korea, Argentina and Mexico has also proven beneficial.
Full research
About the Fund Manager
James Donald
Located in: New York
James Donald is a Managing Director of Lazard Asset Management LLC. In addition to his duties as a Portfolio Manager/Analyst, James also serves as Head of the Emerging Markets Group. Prior to joining the Firm in 1996, James worked at Mercury Asset Management, which he joined in 1985. At Mercury Asset Management, he was on the emerging markets team between 1992 and 1996 and worked on the international equity team between 1985 and 1992. James received a BA (Hons) in history from University of Western Ontario. He is fluent in French and Spanish.
Income details
| Historic yield | 0.89% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 01 April 2008 |
|---|---|
| Payment date ³ | 31 May 2008 |
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Top 10 holdings
| Samsung Electronics Co. | 3.80% |
|---|---|
| Turkcell Iletisim Hizmetleri A.S. | 3.61% |
| Philippine Long Distance Telephone Company ADS | 3.25% |
| LUKOIL (OAO) | 3.18% |
| Oil & Natural Gas Corp. | 3.08% |
| Redecard | 2.76% |
| Mobile Telesystems ADS | 2.74% |
| Truworths International | 2.54% |
| Companhia Vale do Rio Doce Pref A | 2.51% |
| Telekomunikasi Indonesia ADS | 2.36% |
Top 10 sectors
| Banks | 13.51% |
|---|---|
| Mobile Telecommunications | 11.15% |
| Technology Hardware & Equipment | 8.44% |
| Oil & Gas Producers | 6.64% |
| Bonds | 4.94% |
| Construction & Materials | 4.84% |
| General Retailers | 4.81% |
| Household Goods & Home Construction | 4.22% |
| Tobacco | 3.88% |
| Industrial Metals & Mining | 3.66% |
Top 10 countries
| Brazil | 15.86% |
|---|---|
| South Africa | 14.57% |
| South Korea | 11.88% |
| India | 7.65% |
| Russian Federation | 7.33% |
| Turkey | 5.96% |
| Indonesia | 5.71% |
| Taiwan | 4.64% |
| Israel | 3.85% |
| Mexico | 3.73% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 28-11-2008. Data accurate as at 31/10/2008.
