Lazard Emerging Markets Core Equity Portfolio Open Shares (ECEOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks long-term capital appreciation by investing primarily in equity securities, principally common stocks, of non-U.S. companies located in emerging market countries; the portfolio employs an all-cap, style-unconstrained approach targeting financially productive companies with strong growth potential, attractive valuations, and enduring competitive advantages, including common stocks, preferred stocks, convertible securities, and depositary receipts across diversified sectors such as financials, energy, consumer discretionary, and industrials.
The fund offers exposure to emerging markets in regions including Asia, Latin America, Europe, the Middle East, and Africa, with a focus on high-conviction stock selection informed by on-the-ground research and global collaboration; it targets institutional and retail investors seeking diversified emerging markets equity allocations with active risk management.
Lazard Funds Inc., the registrant, is headquartered at 30 Rockefeller Plaza, New York, New York; ECEOX was incepted on October 31, 2013.
In a major strategic shift, the portfolio underwent a tax-free reorganization into the Lazard Emerging Markets Opportunities ETF (NYSE: EMKT) after the close of business on October 24, 2025, converting the mutual fund structure to an actively managed exchange-traded fund to provide investors with a more tax-efficient vehicle leveraging Lazard's decades of emerging markets expertise.