Morningstar

Lazard Equity Franchise Portfolio Institutional Shares LZFIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Lazard Investment Hub

Morningstar’s Analysis LZFIX

Will LZFIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LZFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LZFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LZFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in core sectors but fitful in broader market execution.

Senior Analyst Kongkon Gogoi

Kongkon Gogoi

Senior Analyst

Summary

Lazard Global Equity Franchise remains a viable choice for investors seeking value-oriented global equities exposure. The team's cohesive, nonhierarchical structure and well-defined investment approach provide a solid foundation in specific sectors. However, its inconsistent track record outside core areas of expertise, exclusion of key market segments, and an unconventional risk-management approach that lacks diversification and strict guardrails contribute to increased risk concentrations and reduced flexibility. These factors underpin our cautious view of the strategy, resulting in an Average rating for People and Process.

by Kongkon Gogoi
Rated on Published on

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