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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.£112.7m
Last close351.00p
High / Low (52 weeks)394.0p / 348.0p
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 World Trust Fund (LON:WTR) Announces GBX 6.49 Dividend

Sun, 13 May 2018 11:15:00 GMT

Spain's ACS in talks with funds over joint counter-bid for Abertis: sources

Fri, 21 Jul 2017 05:59:47 GMT

Lazard World Trust Fund (WTR) to Issue Dividend of GBX 6.49 on June 8th

Wed, 09 May 2018 15:44:50 GMT

Special Report - Web of lies: How a Spanish tech star fooled the world

Thu, 14 Aug 2014 09:11:15 GMT

Global Growth

Wed, 17 Jul 2013 18:17:04 GMT

Investment summary

Lazard World Trust Fund (WTR) is differentiated from the majority of peers by its focus on discounted assets. Its portfolio is a blend of closed-end funds, investment trusts and holding companies that trade at a discount to the value of their assets, and in particular those where the underlying assets are also undervalued. Manager Kun Deng and his Discounted Assets team at Lazard Asset Management are focused on opportunities wherever they arise, with a longstanding bias to Asian and emerging markets. A key part of the WTR strategy is to engage with the underlying holdings to help unlock value through initiatives such as higher dividend policies, and in the spirit of ‘practising what they preach’, the fund has announced a new 6% annual distribution, paid quarterly, which will make it one of the highest-yielding equity-focused investment companies.

Last updated on 15/06/2018

Key management

Philip R. McLoughlin , Chairman
Kun Deng, Fund manager

Company address

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