Lazard Opportunistic Strategies Portfolio Institutional Shares (LCAIX)

Overview

The company specializes in asset allocation strategies, focusing on optimizing a portfolio by investing globally in a diversified mix of uncorrelated assets. Its investment approach is designed to provide exposure, through underlying vehicles, to a broad range of asset classes. This includes stocks, bonds, commodities, and various other investments, with the objective of achieving a balanced and risk-adjusted return over time. The firm leverages both exchange-traded open-end management investment companies, primarily those following a passive index-based strategy, and actively managed closed-end management investment companies to build its portfolios.

Products and Services

• Global Asset Allocation Funds

  These funds are designed to invest across a diversified portfolio of uncorrelated assets on a global scale. The investment strategy aims to balance risk and return by adjusting the allocation across different asset classes, including stocks, bonds, and commodities, based on market conditions and the investment team's outlook.

• Exchange-Traded Funds (ETFs)

  Primarily focusing on ETFs that pursue passive index-based strategies, these investment vehicles offer investors exposure to a vast array of markets and sectors. By investing in ETFs, the firm leverages their broad market access, flexibility, and cost efficiency to achieve its asset allocation objectives.

• Actively Managed Closed-End Funds

  In addition to ETFs, the firm invests in actively managed closed-end funds to tap into opportunities that may require more nuanced, active investment management approaches. These funds can offer potential for higher returns, albeit with possibly higher risks, complementing the firm’s portfolio with a strategic balance between passive and active investment styles.