Lazard Global Convertibles Fund

Lazard Asset Management Pacific Co has made its Lazard Global Convertibles Fund available to Australian investors.

The fund invests in a global portfolio of between 60 and 80 securities, selected from a universe of 900 - 1000 convertible bonds. It targets a return in excess of the Thomson Reuters Global Focus Hedged (AUD) Convertible Bond Index (net interest reinvested) over rolling five-year periods.

“Investors have been faced with minimal fixed income returns, late-stage equity valuations, and the prospect of growing market volatility this year," Arnaud Brillois, managing director and portfolio manager/analyst at Lazard Asset Management in New York said.

“At the same time, convertible bond issuances have reached their highest levels since 2007, reaching US$101.8 billion for the year to date [31 July 2020]."

Lazard Asset Management Lazard Global Convertibles Fund Launched on 01 October 2020 Designed for wholesale and retail investors. Find out more This report is informational only in nature. Industry Moves neither recommends nor endorses this product/service.