Having trouble finding a Global – Equity fund? Lazard Global List Infrastructure Open (GLFOX) is a potential starting point. GLFOX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.
GLFOX is classified in the Global – Equity segment by Zacks, an area full of possibilities. Even though Global – Equity mutual funds invest in bigger markets like the U.S., Europe, and Japan, these kinds of funds aren’t limited by geography. Rather, they offer an investment strategy that utilizes the global economy to provide stable returns.
Lazard Funds is based in New York, NY, and is the manager of GLFOX. The Lazard Global List Infrastructure Open made its debut in December of 2009 and GLFOX has managed to accumulate roughly $272.97 million in assets, as of the most recently available information. A team of investment professionals is the fund’s current manager.
Investors naturally seek funds with strong performance. GLFOX has a 5-year annualized total return of 5.74% and it sits in the top third among its category peers. If you’re interested in shorter time frames, do not dismiss looking at the fund’s 3 -year annualized total return of 5.07%, which places it in the top third during this time-frame.
It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. GLFOX’s standard deviation over the past three years is 13.23% compared to the category average of 15.77%. Looking at the past 5 years, the fund’s standard deviation is 14.35% compared to the category average of 16.19%. This makes the fund less volatile than its peers over the past half-decade.
The fund has a 5-year beta of 0.63, so investors should note that it is hypothetically less volatile than the market at large. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. With a negative alpha of -3.76, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
