Professional Investors
Listed Funds
Fund Overview
Literature
 
 
 
 
 
Asset Allocation




 

The World Trust Fund seeks to achieve capital appreciation through investments in undervalued assets with a tangible discount on a global basis. Historically the Fund has invested in country funds, closed end funds, investment trusts, holding companies and other similar investments that Lazard believes are undervalued and are trading at a tangible discount. Since 2001 and subsequent Board approval, the Fund has also hedged a portion of the underlying market exposure.

The Fund’s investment process begins with seeking and validating value, and ends with identifying catalysts for capturing that value, while closely monitoring and controlling risk. We seek to take advantage of two levels of discounts:

1.                   The underlying companies, sectors and countries we are invested in

2.                   The discount to net asset value on the entity that holds these securities. 

The Investment Team actively seeks to eliminate or reduce these discounts by promoting corporate restructuring. The goal is to gain absolute and relative return from the investments.

Objective
The Fund seeks capital appreciation through investments in a global portfolio of undervalued securities trading at significant discounts to net asset values.

Benchmark
MSCI World Index (Net)

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

The shares of The World Trust Fund are listed on the London Stock Exchange and the quotation is published in the Financial Times daily under Investment Companies. The shares are also listed on the Luxembourg Stock Exchange.

Investors are reminded that the value of shares and income from them can go down as well as up and they may not get back the full amount invested.

This information is not intended to constitute or form part of an offer to sell or issue, and should not be construed as an invitation to solicit an offer to acquire or subscribe for, any interest in The World Trust Fund. This information is not intended to constitute investment advice. The purpose of these pages of the web site is to provide information about World Trust Fund. Prospective investors must rely on their own examination of investment matters and are advised to consult their own professional advisors.