- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 30 Rockefeller Plaza New York NY 10112
- IPO Date
- Jan 2, 2019
- Business
- Lazard International Equity Value Portfolio Open Shares (IEVOX) 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 believed to be undervalued; the portfolio employs a benchmark-agnostic, unconstrained approach with a concentrated portfolio typically holding 20 to 30 securities across all market capitalizations, focusing on companies with potential catalysts to improve fundamentals, resolve valuation discounts, or enhance investor perceptions. The fund targets foreign large value stocks in the Morningstar Foreign Large Blend category, with holdings diversified across sectors such as consumer goods (e.g., Unilever PLC), technology (e.g., ASML Holding NV), financials (e.g., National Bank of Greece SA), and industrials (e.g., RELX PLC), while maintaining exposure to regions including Europe, Asia, and emerging markets. Lazard Asset Management LLC, founded in 1970 and headquartered at 30 Rockefeller Plaza in New York, New York, operates globally with offices in North America, Europe, Asia, Australia, and other regions, serving institutional, corporate, and high-net-worth clients through a range of equity, fixed income, and alternative strategies.
In recent developments, Lazard Asset Management launched the Lazard International Equity Value Portfolio in October 2018, welcoming a dedicated value team to manage IEVIX (institutional shares) and IEVOX (open shares); the firm formed a strategic partnership with Elaia Partners in April 2024 to establish Lazard Elaia Capital, a Paris-based entity focused on European technology investments from seed to public markets, with Lazard acquiring a minority stake and planning a 2025 fund launch pending regulatory approval. Additional expansions include the October 2025 debut of the Lazard Listed Infrastructure ETF (GLIX) for global infrastructure exposure, alongside other ETF launches such as Equity Megatrends ETF (THMZ) and International Dynamic Equity ETF (IEQ), reflecting growth in active ETFs and alternatives; Lazard reported record asset management net flows and revenues in Q2 2025, with AUM reaching $248 billion, underscoring strategic enhancements amid a constructive market environment.