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Lazard Asset Management has launched the Lazard Thematic Inflation Opportunities Fund to capitalise on the shift to a higher inflationary environment.
The actively managed thematic equity fund seeks long-term capital growth through an investment strategy focused on rising inflation.
The primary reasons and impacts of the "structural transition to a greater inflationary environment," according to Lazard, define the theme's investment approach.
Steve Wreford, John King, and Nicholas Bratt will oversee the Lazard Thematic Inflation Opportunities Fund.
The trio previously worked together on Lazard's Global Thematic and Global Thematic Focus funds.
It will identify businesses that are likely to gain from long-term global market trends.
Enterprises with considerable pricing power that is passed on to customers, for example, will be included, as will companies that benefit from increasing commodity prices.
"The world is undergoing significant demographic as well as monetary and fiscal policy transitions, which might fuel structurally higher inflation that is now not reflected by market consensus," Wreford said.
Against this environment, there is a high need for techniques that can assist customers in mitigating risks and capitalising on possible inflationary investment opportunities."
The Lazard Thematic Inflation Opportunities Fund will predominantly invest in established companies with a market capitalisation of more than $1 billion situated around the world.
It may invest up to 20% of its assets in emerging market companies and 10% in units or shares of other investment funds.
It will also include certain environmental, social, and governance (ESG) aspects.
“[The new fund] can help investors target the drivers and outcomes of inflation through diversification between themes and across time horizons, unlike single-theme strategies,” Wreford added.
Lazard Asset Management is headquartered in New York and has offices in London and Paris. Its AUM is $274 billion.
By fLEXI tEAM
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