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LAZARD EUROPEAN SMALLER COMPANIES R - Fund overview

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Overview of LAZARD EUROPEAN SMALLER COMPANIES R

This pan-European smaller companies fund adopts a value biased bottom up investment style. Stock ideas are researched by a team of global sector analysts who recommend their strongest ideas to the portfolio manager. Note the fund lost its fund manager, William Von Meuffling in January 2003.

Standard Initial Charge

3.75% 0.00%

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to save 3.75%

Fund summary

Sector  European Smaller Companies
Product type  OEIC
Launched  October, 2007
Size  £121m
Yield 1.3%
Charging basis  –
Dividends paid  Acc units only
Bid price 224.00p

Fund Charges

Standard Initial charge 3.75%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.50%
Total expense ratio 1.56%
Reduction in yield (10yr) 1.56%

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No information available.

Portfolio

lazard european smaller companies r asset allocation illustration
Allocation Proportion
Equity 97%
High yield bonds 0%
Quality bonds 0%
Property 0%
Commodities 0%
Hedge 0%
Fund cash 3%
lazard european smaller companies r equity geographic illustration
Allocation Proportion
UK 23%
Europe 77%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 0%
lazard european smaller companies r equity capitalisation illustration
Allocation Proportion
Large Caps 6%
Mid Caps 64%
Small Caps 30%

Investment process


The objective is long-term capital growth by investing in European smaller companies, those being companies with a market capitalisation of below €2 billion. This is approximately the bottom 5% of the MSCI Europe.
The manager takes a bottom up value approach to investing, focusing on companies with high cash flows and high returns on equity. A team of analysts, spread through the world perform the individual company research and feed their "best" ideas back to fund manager for inclusion into the portfolio. If a superior idea is found by an analyst to an existing holding then it will be exchanged. Price targets are also set for each stock on an earnings multiple basis.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

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