Lazard Emerging Markets Strategic Equity Portfolio Open Shares
EMBOX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Jun 1, 2010
- CIK
- 0000874964
- Similar Companies
- Business
- Lazard Emerging Markets Strategic Equity Portfolio Open Shares (EMBOX) is a mutual fund that seeks long-term capital appreciation through investment primarily in equity securities of companies located in emerging market countries. The Portfolio invests at least 80% of its assets in such equity securities, including common stocks, American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and European Depositary Receipts (EDRs), focusing on undervalued issuers based on earnings, cash flow, or asset values across companies of any market capitalization. Emerging market countries include those represented in the MSCI Emerging Markets Index, such as Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates; the Portfolio may concentrate in particular sectors or countries during certain periods. The Portfolio operates within the diversified emerging markets equity segment, targeting institutional and retail investors seeking exposure to high-growth opportunities in less developed economies. It is managed by Lazard Asset Management LLC, with portfolio managers including Rohit Chopra, Ganesh Ramachandran, and John R. Reinsberg, who emphasize financial productivity, return on invested capital, and attractive valuations relative to peers, history, and economic potential. Launched on May 28, 2010, as part of The Lazard Funds, Inc., the Open Shares class features a net expense ratio of approximately 1.35% after waivers, with a portfolio turnover rate of 95% in the most recent fiscal year. In a significant recent development approved by the Board of Directors, the Portfolio underwent a tax-free reorganization effective June 22, 2023, whereby its assets and liabilities were transferred to the Lazard Emerging Markets Core Equity Portfolio (Institutional Shares: EMBIX; Open Shares: EMBOX; R6 Shares: RLEBX), followed by the termination of the standalone Strategic Equity Portfolio structure. This consolidation streamlined operations within Lazard's broader emerging markets equity offerings; additionally, Lazard Asset Management announced related strategic enhancements, including the conversion of its Emerging Markets Core Equity Portfolio into the actively managed Lazard Emerging Markets Opportunities Fund ETF (NYSE: EMKT) on October 27, 2025, and the appointment of Alex Kozhemiakin as Co-Head of Emerging Markets Debt in December 2025 to bolster fixed income capabilities. Lazard Asset Management LLC, the investment manager, is headquartered at 30 Rockefeller Plaza, New York, NY, with global operations supporting its equity strategies across North America, Europe, and Asia.