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Lazard Global Total Return & Income Fund - LGI STOCK NEWS

Welcome to our dedicated page for Lazard Global Total Return & Income Fund news (Ticker: LGI), a resource for investors and traders seeking the latest updates and insights on Lazard Global Total Return & Income Fund stock.

Lazard Global Total Return & Income Fund (LGI) is a diversified, closed-end management investment company based in the United States. It aims to achieve total return through a combination of capital appreciation and income. The fund boasts a portfolio that spans various sectors, including consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt, among others.

Lazard Asset Management, known for its global perspective and deep market insights, manages the fund. With over $222.3 billion in assets under management as of December 31, 2017, Lazard Asset Management operates in numerous financial hubs worldwide, including Boston, Dubai, Dublin, Frankfurt, Geneva, Hamburg, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, and Zurich.

The company's unique approach involves fostering a culture of constant dialogue between teams, which results in firsthand market insights. Each team operates independently but is supported by a robust central infrastructure, allowing them to focus on their core competencies.

Recent achievements and current projects include strategic investments across various sectors, aimed at optimizing returns while managing risks effectively. The fund’s diversified portfolio and active management strategy make it a compelling option for investors seeking balanced growth and steady income.

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Rhea-AI Summary

Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of $0.09339 per share, representing an annualized yield of 7% based on its net asset value as of December 31, 2022. The distribution will be payable on January 23, 2023, to shareholders of record as of January 10, 2023, with an ex-dividend date of January 9, 2023. The Fund aims for total return through capital appreciation and current income, investing in a diversified portfolio of equity securities and emerging market currencies.

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FAQ

What is the current stock price of Lazard Global Total Return & Income Fund (LGI)?

The current stock price of Lazard Global Total Return & Income Fund (LGI) is $16.01 as of December 20, 2024.

What is the market cap of Lazard Global Total Return & Income Fund (LGI)?

The market cap of Lazard Global Total Return & Income Fund (LGI) is approximately 205.1M.

What is the primary objective of Lazard Global Total Return & Income Fund?

The primary objective is to achieve total return consisting of capital appreciation and income.

What sectors does the fund invest in?

The fund invests in sectors like consumer staples, financials, consumer discretionary, healthcare, materials, and sovereign debt.

Who manages Lazard Global Total Return & Income Fund?

Lazard Asset Management manages the fund.

How much in assets does Lazard Asset Management oversee?

As of December 31, 2017, Lazard Asset Management oversees $222.3 billion in assets.

Where are Lazard Asset Management’s offices located?

Offices are located in Boston, Dubai, Dublin, Frankfurt, Geneva, Hamburg, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto, and Zurich.

What is the fund's approach to management?

The fund fosters a culture of constant dialogue between independent teams, supported by a central infrastructure.

What recent achievements has the fund made?

Recent achievements include strategic investments across various sectors to optimize returns and manage risks.

What makes Lazard Global Total Return & Income Fund unique?

Its diversified portfolio and active management strategy make it a compelling option for balanced growth and steady income.

How does the fund generate income?

The fund generates income through strategic investments in various sectors and active management.

Is the fund suitable for long-term investment?

Yes, the fund's diversified portfolio and strategic approach are designed for long-term capital appreciation and income.

Lazard Global Total Return & Income Fund

NYSE:LGI

LGI Rankings

LGI Stock Data

205.08M
13.01M
33.18%
0.16%
Asset Management
Financial Services
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United States of America
New York