Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

Lazard World Trust Fund / Equity Bottom-Up

<p>Lazard World Trust Fund (WTR, formerly The World Trust Fund) offers investors access to a concentrated portfolio of the &lsquo;best ideas&rsquo; of Lazard Asset Management&rsquo;s Discounted Assets team, who manage more than $5bn of assets invested globally in undervalued companies, such as closed-end funds, investment trusts and holding companies that are trading at a discount to the value of their assets. Following a number of changes in 2016, the fund now pays a distribution of 3.5% of year-end NAV, making it the highest-yielding fund in its peer group, and, as requested by shareholders, has a new benchmark (MSCI AC World ex-US rather than the US-heavy MSCI AC World) that better reflects its international focus and high weighting in emerging markets. Recent performance has been strong, and the manager sees many exciting opportunities in areas such as China, India, Vietnam, Brazil, Romania, and smaller companies in the US and Europe. The fund can also hedge equity and currency exposures.</p>

Lazard World Trust Fund (WTR, formerly The World Trust Fund) offers investors access to a concentrated portfolio of the &lsquo;best ideas&rsquo; of Lazard Asset Management&rsquo;s Discounted Assets team, who manage more than $5bn of assets invested globally in undervalued companies, such as closed-end funds, investment trusts and holding companies that are trading at a discount to the value of their assets. Following a number of changes in 2016, the fund now pays a distribution of 3.5% of year-end NAV, making it the highest-yielding fund in its peer group, and, as requested by shareholders, has a new benchmark (MSCI AC World ex-US rather than the US-heavy MSCI AC World) that better reflects its international focus and high weighting in emerging markets. Recent performance has been strong, and the manager sees many exciting opportunities in areas such as China, India, Vietnam, Brazil, Romania, and smaller companies in the US and Europe. The fund can also hedge equity and currency exposures.

Active investment in global opportunities

United Kingdom

Lazard World Trust Fund is a closed-end fund incorporated in Luxembourg.  The aim of the Fund is to achieve capital growth through investments in undervalued assets trading at tangible discounts. The Fund has the ability to hedge a portion of its underlying equity exposure.

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Lazard World Trust Fund (WTR LN)

Active investment in global opportunities

Lazard World Trust Fund (WTR, formerly The World Trust Fund) offers investors access to a concentrated portfolio of the ‘best ideas’ of Lazard...

Edison Investment Research

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