On Monday, Lazard Asset Management announced that it has released its first three active ETFs in the United States. Each of these new funds taps into Lazard’s extensive portfolio experience to offer a distinct investment strategy.
“Today marks a historic milestone for Lazard,” noted Evan Russo, CEO of Lazard Asset Management. “The debut of our first set of ETFs in the U.S. reflects our commitment to continuously enhancing our business while providing clients with leading solutions that are grounded in deep research and specialized expertise.”
Taking on Trends
Starting off the list is the Lazard Equity Megatrends ETF (THMZ). With a net expense ratio of 50 basis points, THMZ looks to offer long-term capital appreciation.
The fund seeks to dial in on global market trends that could pay off in the long-term. Following the identification process, THMZ then invests in a mix of themes that could potentially benefit from these trends.
Advantages of Japanese Equities
For investors looking to tap into Japanese equities, the Lazard Japanese Equity ETF (JPY) could very well offer a solution. JPY looks to provide growth with a long-term time horizon, and has a net expense ratio of .60%.
Inside JPY’s portfolio is a significant share of equities and equity-tied securities available on Japanese markets. With decades of experience in navigating Japanese equities, JPY’s portfolio team can be in an opportune position to locate attractive investment opportunities within the country.
Breakthrough Tech Companies
Last but certainly not least is the Lazard Next Gen Technologies ETF (TEKY). TEKY’s objective is to provide long-term portfolio growth with a focus on companies leading the way in hardware, automation, and artificial intelligence. The fund operates with a net expense ratio of 50 basis points.
This fund utilizes a proprietary data platform to locate compelling tech companies that match its investment philosophy. From there, TEKY uses a bottom-up process to properly value each security on an ongoing basis.
With both domestic and international markets being rattled by recent tariff uncertainty, Lazard’s access to experienced active portfolio managers could be a significant boon. Active ETFs can offer significant flexibility, be it offensively or defensively, to capitalize on macroeconomic trends.
“Lazard is one of the most respected asset managers, so it is great to see them become part of the ETF market,” added Todd Rosenbluth, Head of Research at VettaFi. “They have expertise that will help advisors build more diversified portfolios.”
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