Lazard Asset Management has launched an Asia ex-Japan Strategic Equity fund.
The fund, which will be managed by six portfolio managers in Lazard’s Singapore team, has an unconstrained all-cap approach that concentrates in 50 to 70 stocks.
Although not tracking a benchmark, the fund is measured against the MSCI AC Asia ex-Japan sector for performance.
According to the firm, Asia ex-Japan equity is now trading at “attractive valuations” compared with both historical levels and other equity markets.
Lazard Asset Management portfolio manager and analyst Manish Singhai, who leads the Singapore team, says: “We believe that the recent volatility has created an opportunity for investors.
“The long-term structural growth story remains strong and there are many businesses located in the region with excellent prospects. This fund will invest in only those companies where we see the most attractive opportunities.”
As of 30 June 2015, Lazard Asset Management and affiliated asset management companies within the group managed $203bn (£131bn) of assets.