Lazard World Trust Fund - Global opportunities with new 6% dividend policy
Lazard World Trust Fund (WTR) is differentiated from the majority of peers by its focus on discounted assets. Its portfolio is a blend of closed-end funds, investment trusts and holding companies that trade at a discount to the value of their assets, and in particular those where the underlying assets are also undervalued. Manager Kun Deng and his Discounted Assets team at Lazard Asset Management are focused on opportunities wherever they arise, with a longstanding bias to Asian and emerging markets. A key part of the WTR strategy is to engage with the underlying holdings to help unlock value through initiatives such as higher dividend policies, and in the spirit of ‘practising what they preach’, the fund has announced a new 6% annual distribution, paid quarterly, which will make it one of the highest-yielding equity-focused investment companies.Lazard World Trust Fund is an investment trust based in Luxembourg. Co. is engaged in investing primarily in a diversified portfolio of companies whose shares trade at a discount to the underlying net asset value. Co. invests in closed-end funds, investment trusts, holding companies and other similarly traded companies whose shares are listed or traded on international exchanges. Co. measures its performance against the MSCI All Country World Index. Co. seeks actively to encourage boards and managements to take steps to enhance shareholder value and seeks to take a constructive and active role to help reduce the discount at which the shares of the underlying companies trade.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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