- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 30 Rockefeller Plaza New York NY United States of America 10112
- IPO Date
- Jan 16, 2015
- Business
- Lazard Emerging Markets Equity Portfolio R6 Shares (RLEMX), part of Lazard Funds, Inc. and managed by Lazard Asset Management LLC, is an open-end equity mutual fund that seeks long-term capital appreciation by investing primarily in equity securities, principally common stocks, of non-U.S. companies located in emerging market countries; these investments target undervalued companies based on earnings, cash flow, or asset values, with at least 80% of assets typically allocated to such securities across diversified sectors including technology, financial services, and consumer cyclical; the portfolio benchmarks against the MSCI Emerging Markets Index (Net Return, USD), holds approximately 95 positions with top holdings such as Taiwan Semiconductor Manufacturing Co Ltd, SK Hynix Inc, and Alibaba Group Holding Ltd as of late 2025, and features net assets of around $4.10 billion, a turnover ratio of 20%, and an expense ratio of 1.07%. Lazard Asset Management LLC, the fund's investment manager and a division of Lazard Inc., founded in 1848 and headquartered in New York City at Rockefeller Center, provides a broad range of active asset management solutions including equity, fixed income, alternatives, and multi-asset strategies to institutional investors, corporations, endowments, high-net-worth individuals, and financial intermediaries across more than 20 countries worldwide. In recent developments, Lazard Asset Management launched its first three active ETFs in the U.S. in April 2025, followed by the Lazard Listed Infrastructure ETF (GLIX) in October 2025 to expand access to specialized equity strategies; formed a strategic partnership with Elaia Partners in April 2024 to create Lazard Elaia Capital, a Paris-based growth equity platform targeting European technology and deep tech with an initial fund planned for 2025; acquired a minority stake in Truv Partners in 2023 to enhance wealth management capabilities; and partnered with Arini Capital Management in 2025 for alternative credit opportunities in Europe, the Middle East, and Africa, supporting overall assets under management growth to $265 billion as of September 2025.