Lazard Global Equity Select Portfolio Q2 2024 Commentary Dissects Underperformance
Lazard Global Equity Select Portfolio Q2 2024 Commentary
In Q2 2024, the Lazard Global Equity Select Portfolio slightly underperformed against the MSCI All Country World Index. Factors contributing to this outcome include changing market conditions and strategic decisions made by the management team.
Market Overview
During the second quarter, the global stock market faced various challenges. A comprehensive review shows:
- Rising inflation concerns.
- Interest rate hikes impacting equities.
- Geopolitical tensions affecting investment confidence.
Portfolio Adjustments
The management team made key adjustments to the portfolio during the quarter:
- Increased exposure to technology stocks.
- Reduced holding in consumer goods sectors.
- Diversification into emerging markets.
While the adjustments aimed to enhance performance, the overall impact did not yield the desired results against the benchmark. Analysts will continue to monitor these positions closely in forthcoming quarters.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.