Lazard Active ETF Trust (NYSE Arca: IEQ) operates as an exchange-traded fund that provides investors with actively managed exposure to international equities outside the United States, primarily through the Lazard International Dynamic Equity ETF. The fund invests in a diversified portfolio of growth and value stocks across various market capitalizations and sectors in developed and emerging markets worldwide, employing a quantitative investment process that integrates proprietary research, machine intelligence, and fundamental analysis to optimize risk-adjusted returns relative to the MSCI All Country World ex-US Index benchmark. It targets institutional and retail investors seeking tax-efficient, lower-cost access to global ex-US equities via exchange-traded structure; services include portfolio construction focused on outperformance through factor-aware security selection and risk management.
Headquartered in New York and managed by Lazard Asset Management LLC, a subsidiary of Lazard Inc., the Trust was formed on April 7, 2025, as part of Lazard's expansion into active ETFs.
In a key strategic development completed on May 12, 2025, Lazard Asset Management converted its existing Lazard International Equity Advantage mutual fund into the IEQ ETF, enhancing accessibility with a more tax-efficient and cost-effective vehicle for international equity investments. This conversion marked one of the initial launches in Lazard's broader U.S. active ETF suite, which debuted with three funds on April 7, 2025, including strategies for equity megatrends and Japanese equities, followed by expansions such as the Lazard Listed Infrastructure ETF (NYSE Arca: GLIX) in October 2025. These moves reflect Lazard's ongoing commitment to growing its ETF franchise amid rising demand for specialized, high-conviction active strategies.