Lazard International Equity Portfolio - Open Shares
LZIOX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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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
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Jan 22, 1997
- CIK
- 0000874964
- Website
- lazardassetmanagement.com
- Similar Companies
- Business
- Lazard International Equity Portfolio - Open Shares (LZIOX) 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 relatively large non-U.S. companies with market capitalizations generally within the range of the MSCI World Index ex USA Index; the portfolio emphasizes a blend investment style focusing on undervalued international equities across sectors such as financial services, industrials, consumer cyclical, technology, and healthcare, with top holdings including Unilever PLC, ASML Holding NV, National Bank of Greece SA, RELX PLC, and AIA Group Ltd; geographic diversification spans the Eurozone (approximately 36%), Japan (15%), United Kingdom (15%), and other developed and emerging markets, comprising about 91% non-U.S. stocks, 4% U.S. stocks, 3% cash, and 2% U.S. bonds. Launched on January 23, 1997, and domiciled in the United States, the fund is available for sale to U.S. investors with a minimum initial investment of $2,500 and subsequent investments of $50, featuring a net expense ratio of 1.10% and daily pricing; as of late 2025, total net assets stand at approximately $1.17 billion, with the Open share class at $74 million. Lazard Asset Management LLC, the fund's adviser and part of Lazard Inc. (founded in 1848 with asset management operations established in New York in 1970), maintains global headquarters at 30 Rockefeller Plaza, New York, and operates across North America, Europe, Asia, and other regions; the fund is led by a team of portfolio managers including Michael Bennett and Michael Powers (since 2003), Michael Fry (since 2005), Giles Edwards (since 2019), and Paul Selvey-Clinton (since 2022). In recent developments, Lazard Asset Management has expanded its actively managed ETF platform through conversions of related mutual funds, including the Lazard International Equity Advantage Portfolio into the Lazard International Dynamic Equity ETF (NYSE: IEQ) in May 2025 and the Lazard US Systematic Small Cap Equity Portfolio into the Lazard US Systematic Small Cap Equity ETF (NASDAQ: SYZ) in September 2025, alongside launches of other ETFs such as Equity Megatrends (THMZ), Japanese Equity (JPY), and Next Gen Technologies (TEKY); additionally, in April 2024, Lazard formed a strategic partnership with Elaia Partners to create Lazard Elaia Capital, a Paris-based venture capital platform targeting European technology investments, with Lazard acquiring a minority stake and planning further expansion.