Past performance figures of any investment and/or product are not a reliable indicator of future results. Investors are reminded that the value of investments and the income from them can go down as well as up and therefore their capital is at risk. Investment returns may increase or decrease as a result of currency fluctuations. Investments in emerging markets carry an above-average degree of risk due to the undeveloped nature of securities markets in the emerging countries. Investors should consider whether or not investment in such a strategy is either suitable or should constitute a substantial part of their portfolio. References to Director and other titles are Lazard internal titles and may not imply any legal status or responsibility. Securities identified in this document are not necessarily held by Lazard Asset Management for all client portfolios, and should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities were, or will be, profitable.
The Lazard Developing Markets Fund is a sub-fund of Lazard Investment Funds – a UK based open-ended investment company (OEIC). The launch date of the fund was 30 September 2010. Copies of the Prospectus and Simplified Prospectus are available from the Authorised Corporate Director. The Authorised Corporate Director of Lazard Investment Funds is Lazard Fund Managers Limited, which is authorised and regulated by the Financial Services Authority (FSA) and is member of the IMA.