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Lazard Emerging Markets

Elite Rated by FundCalibre

Lazard aims to use its 230-strong team of investment analysts to identify the global brands of tomorrow in developing regions. The team take a stock selection-based approach to achieve this, as well as using market volatility created by macroeconomic concerns to time trading opportunities.

Company Description

Since 1848, Lazard has been a trusted advisor to governments, financial institutions, public and private pension schemes, financial advisors and individuals around the world. It has a global presence with 16 offices worldwide and a team of more than 230 investment professionals.


Fund Manager

Although Lazard operates a team-based approach, James Donald heads up the Lazard emerging markets group and began working in this sector in 1985. James also oversees emerging market investments as a member of various global equity teams.


I relish finding unloved and undervalued stocks, hunting for companies that are viewed as a less-than-ordinary opportunity but have the potential to be an extraordinary investment.

James Donald - Fund Manager

The Investment Process

The stock-specific approach leans on the strength of Lazard’s global sector analysts. Its research capability identifies investment opportunities in companies offering strong financial productivity at attractive valuation levels. Analysts are located worldwide and undertake in-depth fundamental analysis.


Investing in emerging market equities is more risky than investing in developed market equities such as the UK and the US. Lazard employs a strong risk budget to diversify risk on a country and sector basis, but also pays close attention to political situations.

Our Opinion

The fund benefits from a well-resourced emerging market team based in New York. We like their strong value discipline and the fact that they are trying to identify the global brands of the future.

  • Fund
  • Sector

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