Lazard Japanese Equity ETF
JPY
NASDAQ Global Select- -
USD
- -
- -
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
- Apr 7, 2025
- Website
- lazard.com
- Similar Companies
- Business
- Lazard Japanese Equity ETF (NYSE: JPY) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equities and equity-related securities of Japanese companies across various sectors, including producer manufacturing, finance, consumer durables, electronic technology, and process industries; the fund employs a bottom-up stock selection strategy to identify undervalued opportunities with growth potential throughout economic cycles, leveraging market inefficiencies, regulatory reforms, and Japan's economic transformation from deflation to inflation. Launched on April 7, 2025, the ETF is managed by Lazard Asset Management LLC, a division of Lazard Inc., which traces its roots to 1848 and is headquartered in New York with global operations across more than 20 countries; it targets institutional and individual investors seeking exposure to Japan's broad equity market, characterized by a diversified universe of stocks, low correlation to global indices, and improving corporate governance under Tokyo Stock Exchange regulations. The fund's portfolio features top holdings such as Mitsubishi UFJ Financial Group Inc., Sony Group Corp., and Sumitomo Mitsui Financial Group Inc., with approximately 58 holdings, 34.88% concentration in the top 10, a net expense ratio of 0.60%, and assets under management around $60 million. In 2025, Lazard Asset Management expanded its active ETF platform, launching JPY as part of its first three active ETFs alongside Lazard Equity Megatrends ETF (NYSE: THMZ) and Lazard Next Gen Technologies ETF (NYSE: TEKY); the firm subsequently completed conversions of mutual funds into additional ETFs, including Lazard International Dynamic Equity ETF (NYSE: IDEQ) in May and Lazard US Systematic Small Cap Equity ETF (NYSE: SYZ) in September, reflecting a strategic shift to provide tax-efficient, lower-fee active strategies amid rising demand for non-passive ETFs. Distributed by Foreside Fund Services, LLC, the ETF trades intraday on major exchanges and is accessible through broker-dealers and financial advisors worldwide.