-- Mandates Respond to Canadians Seeking Income and Growth without More
TORONTO, Feb. 27, 2013 /CNW/ - Canadian investors seeking income and
growth potential, insightful access to worldwide opportunities, and
deep on-the-ground stock picking expertise, will now have access to two
attractive investment portfolio solutions.
In collaboration with Lazard Asset Management (LAM), Brandes Investment
Partners & Co. has just launched two new LAM mutual funds to the market
in Canada, which were handpicked from proven strategies: Lazard Global
Equity Income Fund and Lazard Emerging Markets Multi-Strategy Fund. The
Funds are available today to investors through their financial
The Lazard Global Equity Income Fund is a total return investment solution for Canadian retail investors
built on LAM's best high yielding equity ideas from all over the world.
It's designed to combine the benefits of high current income with
global capital appreciation potential in a single risk managed
portfolio. The Fund seeks to invest in high-dividend yielding
securities broadly diversified across country, sector and market
capitalization spectrum that have also been selected for their total
return potential, not simply income.
The Lazard Emerging Markets Multi-Strategy Fund is designed to provide investors with a less volatile means to invest
in the growth of emerging markets. By allocating capital across
Lazard's proven emerging markets equity, debt and currency strategies,
and actively adjusting weightings based on an analysis of economic and
market conditions, the Fund seeks long-term growth with less risk.
"These two new Funds represent an exclusive new opportunity for Canadian
investors who have been hungry for accessing the higher income and
growth streams available in global and emerging markets as a smart
alternative to low interest rate investments at home. They respond to
the demand for prudent risk conscious strategies without sacrificing
long-term growth potential"," says Brandes President Carol Lynde.
Similarly excited about Brandes' new collaboration with LAM is Oliver
Murray, Brandes Managing Director. "We are confident Lazard's proven
depth of experience and global insights will provide Canadian investors
with unique opportunities to reach beyond their borders and confidently
seek income and growth in global markets. These Funds are timely and
typify the global investment expertise Canadians can look forward to
"In an uncertain macro environment, a value-oriented equity fund
focusing on high yield can offer the opportunity to participate in
rising markets, while providing protection on the downside," says LAM
Portfolio Manager/Analyst Patrick Ryan.
"Many clients acknowledge the attractive macro-economic characteristics
of an emerging markets investment, but are deterred from making
meaningful allocations by high levels of risk," says LAM Portfolio
Manager/Analyst Jai Jacob. The multi-asset allocation structure of the
Lazard Emerging Markets Multi-Strategy Fund is designed to provide
risk-conscious clients with access to emerging markets opportunities
with lower volatility."
The collaboration with Lazard Asset Management and intent to offer two
LAM mandates focusing on global dividend opportunities and emerging
market equity and debt opportunities was announced by Brandes and LAM
on January 23. Brandes also has an existing strategic partnership with
Sionna Investment Managers Inc. (Sionna). All three firms have a strong
bias to fundamental bottom-up stock selection and are known for their
proprietary research approach and capabilities.
About Brandes Investment Partners & Co.
Brandes Investment Partners & Co. is an affiliate of Brandes Investment
Partner L.P. of San Diego, CA and has been providing Canadians with
investment solutions since 1997. Brandes LP is a leading global
investment advisory firm, managing more than US$ 27.2 billion of assets
for institutional and private clients worldwide. Brandes LP applies the
approach to securities selection pioneered by Benjamin Graham,
identifying investment opportunities with a long-term context and
following a time-tested value discipline in all market conditions. The
company's web site is www.brandescanada.com.
About Lazard Asset Management
LAM Canada and LAM LLC are indirect subsidiaries of Lazard Ltd (NYSE:
LAZ), one of the world's preeminent financial advisory and asset
management firms. Lazard operates from 42 cities across 27 countries in
North America, Europe, Asia, Australia, Central and South America. With
origins dating back to 1848, the firm provides advice on mergers,
acquisitions, strategic matters, restructuring and capital structure,
capital raising and corporate finance, as well as asset management
services to corporations, partnerships, institutions, government and
individuals. As of December 31, 2012 LAM and affiliated asset
management companies managed US$ 167 billion worth of client assets. For more information on Lazard, please visit www.lazard.com.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
SOURCE: Brandes Investment Partners & Co.
For further information:
Leah Brock, Director, Global Marketing Communications
Brandes Investment Partners & Co.