Lazard European Alpha Fund


Buy/Sell Price  (as of 28/09/2016) £6.647   Day Change :  0.44%     Fund Code:  LZEGT 

Important documents Before investing please ensure that you have read the Fidelity Key Features Document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found by clicking on the 'Important documents' link.

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Biography

Aaron Barnfather is a senior portfolio manager and leads the portfolio management team in London who are responsible for the management of European equities. He began working in the investment field in 1994. Prior to joining Lazard in 2008, Aaron was a Senior Portfolio Manager and lead manager on Newton Investment Managements pan-European portfolios, launching the Newton European Higher Income fund in 2007. Prior to Newton, he held positions at Royal & Sun Alliance Investment Management on the UK, International and European Equity teams. He has a BA in Business Studies from the University of East London and an MSc in Investment Analysis from Stirling University. Aaron is a member of the UK Society of Investment Professionals (UKSIP).

Biography

Barnaby Wilson is responsible for managing European equity portfolios. He joined Lazard Asset Management Limited in 1999 as a research analyst and was most recently responsible for covering European and Japanese pharmaceuticals. He became a member of the European Equity Team in January 2006. Barnaby has been working in the investment field since 1998 and prior to joining Lazard worked for Orbitex Investments Ltd. Barnaby has a BA (Hons) in Mathematics and Philosophy from Balliol College, Oxford University.
Investment HouseLazard
Fund ProviderLazard Asset Management Ltd
ManagerAaron Barnfather   Biography
ManagerBarnaby Wilson   Biography

Fund Objective To achieve capital growth at a rate greater than that of the FTSE World-Europe ex UK Index, measured in Sterling.

Key Statistics

Fund Status
Fund TypeOEIC
ISINGB0008468844
12-Month NAV High £6.71
12-Month NAV Low £5.36
Fund Comparative IndexFTSE World Europe Ex UK TR GBP
Morningstar CategoryTMEurope ex-UK Large-Cap Equity
Dividend FrequencyTwice Yearly
Historic Yield1.30%

Annual Charges

Morningstar ratings

 as of  31/08/2016
Overall3 star
3 Years3 star
5 Years3 star
10 Years3 star

Growth of £1000 Help

 as of  28/09/2016

Past Performance (%) Help

as of 

This Fund

     
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Fund versus Morningstar Category

     
-0.650.20-0.762.42-2.09
Important Information

The value of the fund and the income from it can go down as well as up so you may get back less than you invested. If your fund invests in overseas markets, changes in currency exchange rates may affect the value of your investment. If your fund invests in small and emerging markets, these can be more volatile than other more developed markets. Past performance is not a guide to future returns.
For funds that invest in bonds, please be aware that the price of bonds is influenced by movements in interest rates, changes in the credit rating of bond issuers, and other factors such as inflation and market dynamics. In general, as interest rates rise the price of a bond will fall. The risk of default is based on the issuer's ability to make interest payments and to repay the loan at maturity. Default risk may therefore vary between different government issuers as well as between different corporate issuers.

 Some of the performance and risk data presented may start before the share class was launched. If so, the data prior to the launch date of the share class is based on the fund or share class that has similar or higher charges, in order to provide an indication of longer term performance and risk. Please refer to the launch date and performance start date in the fund factsheet to determine whether the data has been extended.Past Performance and Risk & Volatility figures are presented in British Pounds Sterling (GBP). Fund returns are calculated on a Nav to Nav or Bid to Bid basis with income reinvested either after tax (for UK-domiciled funds) or gross of tax (for offshore funds). Performance figures include the effect of the OCF/TER. To cover distribution costs a separate service fee is now also charged on most funds, which is not included in the past performance figures. Consequently the past performance of the fund may be less than that shown on the chart due to the effect of the service fee.

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