Lazard Real Assets Portfolio Institutional Shares (RALIX)

Overview

The company is a diversified investment portfolio focusing on real assets investments, adhering to a strategy that mandates investing at least 80% of its assets in these types of investments. This includes a variety of instruments that offer exposure to real assets, encompassing both direct and indirect investment avenues. The firm's approach is global, involving equity securities from both U.S. and non-U.S. entities, including those operating in emerging markets. Moreover, it extends its investment spectrum to commodity-linked and other derivative instruments, leveraging these financial instruments to achieve its investment objectives under normal market conditions.

Products and Services

• Real Assets Investments

  The core of the company's portfolio revolves around real assets investments, which comprise a substantial 80% of its assets. Real assets typically include physical or tangible assets like real estate, infrastructure, and natural resources. Investments in these assets aim to provide income generation, inflation protection, and diversification away from traditional financial investments.

• Equity Securities

  Inclusion of equity securities of both U.S. and non-U.S. companies, including those in emerging markets, allows the company to tap into the growth potential across diverse geographies. This component of the investment strategy not only enhances global exposure but also aids in risk diversification. Investments may target companies of various sizes and sectors, thereby taking advantage of different market dynamics and opportunities.

• Commodity-Linked Derivatives

  The portfolio also engages in the use of commodity-linked derivatives, which are financial instruments whose value is tied to the price movements of commodities. These derivatives can include futures, options, and swap contracts across a range of commodities such as metals, energy, and agriculture. Commodity-linked derivatives provide a means to gain exposure to commodities without the need for direct investment in physical goods, offering flexibility in hedging and investment strategies.

• Other Derivative Instruments

  Beyond commodity-linked derivatives, the portfolio may utilize other forms of derivative instruments as part of its investment strategy. These can encompass a broad array of derivatives for purposes such as speculation, hedging, and risk management. The use of derivatives is aimed at enhancing portfolio returns, managing risk, and accessing markets or investments that might otherwise be unavailable or less efficient to invest in directly.