Individual Investors
UK Onshore Fund Range
Fund Overview
Fund Facts
Commentaries
Literature
Management Team Profile
Asset Allocation
Performance

As at 31/12/07

Fund Information
 
Objective‡  
To achieve capital growth through investments principally in equity markets worldwide outside of the UK.
 
Benchmark  
FTSE World ex UK Index
 
Fund Managers  
Michael Fry and team
 
Launch Date  
20 October 1999
 
Fund Size  
£18.06m
 
Retail Share Class (£2,000 min)  
NAV 128.6p
Current Yield 0.37%
Initial Charge 3.75%
Annual Management Charge 1.50%
 
Institutional Share Class (£200,000 min)  
NAV 130.6p
Current Yield 0.96%
Initial Charge Nil
Annual Management Charge 1.00%
 
Income Distribution Dates  
31 May, 30 November
 
 
Technical Statistics*
 
Alpha (% p.a.) -5.89

“Alpha” represents the return of a portfolio that is attributable to the manager’s investment decisions.
Beta 1.08

“Beta” measures a fund’s sensitivity to movements in the overall market.
Tracking Error (% p.a.) 3.26

“Tracking error” measures the volatility of the difference between a portfolio’s performance and the benchmark.
Information Ratio -1.32

“Information ratio” represents the value added of the manager (excess return) divided by the tracking error.
Sharpe Ratio 0.30

“Sharpe ratio” measures return in excess of the risk free rate for every unit of risk taken.

*Technical Statistics calculated three years to 31/12/07. Tracking error shown is calculated using
NAV data priced at midday and Index data priced at the close of day.

Past performance should not be taken as guide to future returns.

Source: Lazard Asset Management Ltd and Lipper Hindsight. Portfolio information as at 31/12/07.

This is a financial promotion and is not intended to constitute investment advice.

The Lazard International Equity Fund is a sub-fund of Lazard Investment Funds, a UK-authorised Open Ended Investment Company (“OEIC”) and UCITS. Investors are reminded that the value of shares and the income from them can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Fluctuations in the rate of exchange between the currency in which shares are denominated and currency of investment may have the effect of causing the value of investment to diminish or increase.

The information provided should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities was or will be, profitable.

The Authorised Corporate Director of the fund is Lazard Fund Managers Limited, which is authorised and regulated by the Financial Services Authority (“FSA”) and is a member of IMA.

This financial promotion is issued and approved by Lazard Asset Management Limited, 50 Stratton Street, London W1J 8LL.

Lazard Asset Management Limited is incorporated in England and Wales with registered number 525667. It is authorised and regulated by the Financial Services Authority.
 





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