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Only available to UK investors since 2016, the Lazard US Concentrated fund is said to “contain the firm’s best ideas from across its US equity funds”, according to Latter.
Stocks in the fund are either ‘compounders’ that can reinvest their own profits, ‘mispriced’ that are considered cheap or ‘tactical’ which are shorter-term trades.
Key events for UK wealth managers for the week starting 6 May
Riddell will be lead portfolio manager for Fidelity’s strategic and total return bond strategies
US asset manager also announces deal for NBK Capital Partners
The Allianz Strategic Bond manager departs after eight years with the firm
US equities experience £1.5bn in inflows for first three months of 2024
Seeks to offer investors protection from unexpected UK inflation
