Welcome to our dedicated page for Lazard Glb Total Return & Income news (Ticker: LGI), a resource for investors and traders seeking the latest updates and insights on Lazard Glb Total Return & Income stock.
Overview
Lazard Global Total Return & Income Fund Inc is a United States-based diversified, closed-end investment management company specializing in delivering total return through a balanced blend of capital appreciation and income. Operating within the realm of asset management and investment strategies, the fund employs a robust diversification approach by investing across a range of sectors including consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt. This broad spectrum of investments allows the fund to manage risk effectively while aiming to generate consistent returns over time.
Investment Philosophy and Strategy
The fund’s core objective is to achieve a total return that combines the benefits of capital gains with stable income. This is achieved through a diligent, multi-sector investment approach. The strategies employed embrace comprehensive market research, detailed analysis of market trends, and leveraging a global perspective that is a cornerstone of Lazard Asset Management’s philosophy. By focusing on a diversified portfolio of assets, the fund aims to mitigate market volatility and take advantage of opportunities across different market cycles.
Global Perspective and Team Collaboration
With a heritage rooted in Lazard Asset Management, the fund benefits from a wide-reaching global network and a culture that promotes constant dialogue among investment teams. This fosters an independent yet collaboratively supported environment where regional insights are integrated with global market trends. The entrepreneurial spirit of the teams, supported by centralized infrastructure, enables them to focus on selecting investments that meet the fund’s rigorous total return objective.
Competitive Landscape and Market Position
In a highly competitive asset management sector, Lazard Global Total Return & Income Fund Inc distinguishes itself through its diversified investment model and commitment to balanced risk management. The fund’s strategic allocation across various sectors not only underpins its value proposition but also positions it effectively against competitors. By integrating detailed market insights and leveraging a well-established global presence, the company maintains a nuanced approach to addressing investor needs for both growth and income.
Operational Framework and Investment Process
The operational framework emphasizes independence in decision-making combined with the benefits of a centralized, global infrastructure. This unique setup enhances the investment process by allowing teams to focus on in-depth market studies while receiving robust support in operational matters. The fund continuously evaluates macroeconomic trends and uses adaptive strategies to align its portfolio with prevailing market conditions, all while maintaining a disciplined approach to risk management.
Key Investment Areas
- Consumer Sectors: Investments in consumer staples and discretionary sectors provide stable growth and resilience.
- Financial Markets: Strategic investments in financial sectors benefit from detailed market trend analysis and global economic insights.
- Healthcare and Materials: Exposure to healthcare and materials supports additional dimensions of growth and diversification.
- Sovereign Debt: Holdings in sovereign debt serve to balance risk and enhance income generation.
Conclusion
Lazard Global Total Return & Income Fund Inc stands as a sophisticated investment vehicle within the competitive asset management industry. Its diversified, closed-end approach coupled with a global perspective and a collaborative management culture positions it as a reliable option for investors seeking a balanced strategy that prioritizes both capital appreciation and income. Through robust market analysis and a disciplined investment process, the fund exemplifies a comprehensive approach to navigating the complexities of modern financial markets.
Lazard Global Total Return and Income Fund (NYSE:LGI) has confirmed a monthly distribution of $0.14941 per share on its outstanding common stock, payable on August 22, 2024. The distribution is 100% sourced from net realized long-term capital gains. For the fiscal year to date, 38% of distributions came from long-term capital gains, while 62% was return of capital.
The Fund's 5-year average annual total return as of June 30, 2024, was 8.63%, with an annualized current distribution rate of 6.85% of NAV. The Fund's investment objective is total return, consisting of capital appreciation and current income. It invests in a portfolio of 60-80 US and non-US equity securities, emerging market currencies, and debt obligations.
Lazard Global Total Return and Income Fund (NYSE: LGI) has announced an increase in its monthly distribution to shareholders as per its Managed Distribution Policy.
Starting with the distribution payable on July 22, 2024, shareholders of record on July 11, 2024, will receive a monthly distribution equal to 10% of the Fund’s net asset value per share on an annualized basis, or $0.14941 per share. The Fund clarified that part of this distribution might be a return of capital, not necessarily indicative of investment performance.
Portfolio data as of May 31, 2024, is available on Lazard Asset Management's website. The Fund aims for total returns via capital appreciation and current income, investing in a diversified portfolio of 60-80 US and non-US equity securities and other instruments, including emerging market currencies and debt obligations.
Lazard Asset Management manages $245 billion in client assets as of May 31, 2024.
Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.10459 per share, payable on July 22, 2024, to shareholders of record on July 11, 2024. The distribution sources include net realized long-term capital gains, with no return from net investment income or short-term capital gains. The fund's annualized distribution rate is 6.84% of NAV, and the cumulative return for the fiscal year is 5.27%. The fund's investment strategy focuses on capital appreciation and current income through a diversified portfolio of US and non-US equity securities and emerging market investments. Financial intermediary firms will provide tax reporting details via Form 1099-DIV.
Lazard Global Total Return and Income Fund (NYSE:LGI) has declared a monthly distribution of $0.10459 per share, payable on June 24, 2024, to shareholders of record on June 11, 2024. The distribution is entirely a return of capital, as the Fund has distributed more than its net investment income and realized capital gains. The Fund's average annual total return for the 5-year period ending April 30, 2024, is 8.30%, with a current distribution rate of 7.06% and a cumulative total return for the fiscal year through April 30, 2024, of 1.43%. Investors are cautioned not to draw performance conclusions from the distribution amount.
FAQ
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