Lazard World Trust Fund (WTR)

Business description

Lazard World Trust Fund (WTR) seeks to achieve long-term capital appreciation by investing primarily in a diversified portfolio of companies whose shares trade at a discount to the underlying net asset value.

Stock data

Market cap.£120.2m
Last close330.40p
High / Low (52 weeks)335.0p / 238.8p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Lazard: We Sold All Lloyds Shares After Brexit Vote And Bought Miners Instead

Fri, 14 Oct 2016 13:19:06 GMT

Former World Leaders and Central Bank Chiefs Are Flocking to Join Investment Banks

Thu, 14 Jul 2016 15:08:22 GMT

Banking failures, terrorist attacks, political crises... September is the ...

Mon, 22 Sep 2014 11:30:59 GMT

Offshore Funds

Wed, 23 Mar 2016 05:09:34 GMT

Assets down for world's largest managers

Sat, 29 Oct 2016 22:50:41 GMT

Investment summary

Lazard World Trust Fund (WTR, formerly The World Trust Fund) seeks capital growth by investing globally in closed-end funds and holding companies that are trading at a discount to the value of their assets. Part of its approach involves working with portfolio holdings to unlock this value, and recent moves by the fund show it is prepared to practise what it preaches. So far in FY17, WTR has changed its name to link it more explicitly with its manager since launch in 1991; adopted a new benchmark that better reflects the make-up of the portfolio; announced a tender offer for up to 10% of shares at 98% of NAV minus costs; and proposed a new dividend policy, whereby investors will receive a distribution of 3.5% of the year-end NAV. Strong recent NAV performance has propelled the fund close to the top of its peer group over one, three and five years.

Last updated on 02/08/2016

Key management

Philip R. McLoughlin , Chairman

Company address

State Street Bank Luxembourg S.A.
49 Avenue J.F. Kennedy
L-1855
Luxembourg
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