Lazard Developing Markets Equity Pft Open Shs
LDMOX
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- Lazard Developing Markets Equity Portfolio Open Shares (LDMOX) is an open-end mutual fund managed by Lazard Asset Management LLC that seeks long-term capital appreciation by investing primarily in equity securities of companies in developing markets. The fund employs a fundamental research-driven approach, focusing on high-quality companies with sustainable competitive advantages, attractive growth prospects, and capable management teams; it typically holds 40 to 80 securities across diverse sectors including financials, information technology, consumer discretionary, materials, and communication services. LDMOX offers institutional and retail share classes with varying expense ratios, providing exposure to emerging market equities domiciled in countries such as China, India, Taiwan, Brazil, South Africa, and Mexico, while maintaining a market capitalization-weighted portfolio benchmarked against the MSCI Emerging Markets Index. Headquartered in New York, Lazard Asset Management, the fund's investment advisor, traces its roots to Lazard Frères & Co., founded in 1848, and operates globally with offices in over 20 countries. In recent years, Lazard has undergone strategic expansions including the 2023 acquisition of a majority stake in Fundguard, an investment data management platform, to enhance technology capabilities; launched new ESG-integrated emerging markets strategies in 2024; and formed partnerships with regional asset managers in Asia and Latin America to broaden distribution and local expertise amid heightened demand for developing markets exposure following global economic shifts. The fund targets institutional investors, financial advisors, and high-net-worth individuals seeking diversified emerging market growth opportunities.