Lazard Insights

Lazard Insights Conference Calls are part of an ongoing series of conference calls discussing timely issues in today's market. The calls are not specific to any Lazard product, and are designed to bring value-added insights to clients and prospects and to promote our intellectual capital. © 2018 Lazard Asset Management LLC.

Understanding the Quality Edge 11/22/2022

Understanding the Quality Edge Quality indexes have outperformed value, growth, and the broader market for decades. We believe an active approach to quality—one that focuses on companies with high levels of financial productivity to start—can increase return potential even further. /episode/index/show/lazardassetmanagement/id/25096695

There Is an Alternative: Hedged Convertible Bonds 09/20/2022

There Is an Alternative: Hedged Convertible Bonds Is there any place to hide from market volatility? There may be an alternative: hedged convertible bonds have a unique source of potential return that stems from volatility itself. And we believe they may be more than a short-term solution. /episode/index/show/lazardassetmanagement/id/24420027

Is the Third Time a Charm for Japanese Equities? 07/27/2022

Is the Third Time a Charm for Japanese Equities? Often ignored by global investors, Japanese equities now stand out as an opportunity relative to other developed markets and to their own history. /episode/index/show/lazardassetmanagement/id/23867925

The Double-Edged Sword 04/19/2022

The Double-Edged Sword Rising energy prices are one of the most significant economic consequences of the conflict in Ukraine. Europe, which relies heavily on Russian oil and gas, has taken the greatest hit. But Europe is also one of Russia's best customers and a valuable source of revenues, meaning that the dependency cuts two ways. /episode/index/show/lazardassetmanagement/id/22840352

The Healthcare Revolution Is Happening Now 03/09/2022

The Healthcare Revolution Is Happening Now The mapping of the human genome compares in its impact to that of the silicon chip. Healthcare's Apples and Amazons may eventually emerge, but unlike the hot air that inflated earlier bubbles, published research findings can guide fundamental investors. /episode/index/show/lazardassetmanagement/id/22391726

Spreading the Wealth: Investing in Xi’s China 11/23/2021

Spreading the Wealth: Investing in Xi’s China China’s increase in regulations over the past year has led to market value losses of more than US$1 trillion and raised doubts about the country’s commitment to a market-based economy. Many of the regulations, however, aim to address structural issues, especially growing income inequality. As China pushes for “common prosperity,” we believe the country can achieve more sustainable growth, and investors can uncover some compelling opportunities. /episode/index/show/lazardassetmanagement/id/21263228

State of Play 09/27/2021

State of Play The migration of sophisticated games onto mobile devices, which originated in Asia, has triggered explosive digital gaming growth worldwide. /episode/index/show/lazardassetmanagement/id/20588522

Setting the Table for 10 Billion: The Need for Sustainable Agriculture 08/23/2021

Setting the Table for 10 Billion: The Need for Sustainable Agriculture Agriculture’s dual nature as an essential resource and a primary source of greenhouse gas emissions poses a unique challenge, but we believe companies that provide exposure to solutions at the intersection of food production and environmental sustainability may be rewarded by the market in the long term. /episode/index/show/lazardassetmanagement/id/20229362

Are Inflation Concerns Inflated? 06/28/2021

Are Inflation Concerns Inflated? If inflation remains above the Fed’s 2% target through 2022 and then stabilizes at or slightly above 2% thereafter, it will mark a major turning point for interest rates. /episode/index/show/lazardassetmanagement/id/19628807

Searching For Stable Income In Volatile Times 03/25/2021

Searching For Stable Income In Volatile Times With global yields close to their historic bottom and jittery markets anticipating resurgent inflation, we believe investors should no longer count on returns on “risk-free” income keeping pace with rising prices. View the slide presentation here: https://www.lazardassetmanagement.com/gl/references/media/stable-income-volatile-times /episode/index/show/lazardassetmanagement/id/18468062

Beyond Cash: China Pulls Central Banks into the Digital Currency Race 02/23/2021

Beyond Cash: China Pulls Central Banks into the Digital Currency Race The now ubiquitous bitcoin and other cryptocurrencies are creating a decentralized, alternative global financial system. Hoping to push back against the competition, central banks, led by the People’s Bank of China, are investigating what it would take to launch their own digital currencies. /episode/index/show/lazardassetmanagement/id/18043301

Diversification Under Fire 12/18/2020

Diversification Under Fire We answer the question on many investors’ minds: Is there still a role for actively managed, broadly diversified portfolios that make investment decisions based on corporate fundamentals? /episode/index/show/lazardassetmanagement/id/17250707

Demographic Investing 11/27/2020

Demographic Investing In this Insights, we discuss the enormous and fundamental implications changing demographics will have in determining the fate of entire industries as new technologies and ecosystems come into favor and replace old products and services. /episode/index/show/lazardassetmanagement/id/16955297

Game On! The Race to Build the World’s 5G Network 09/23/2020

Game On! The Race to Build the World’s 5G Network The 5G wireless network promises to revolutionize the internet, but no matter which nation ultimately assumes global leadership, the competition itself should create enormous opportunities for investors. /episode/index/show/lazardassetmanagement/id/16131983

Are Banks Today the Problem or the Solution? 08/24/2020

Are Banks Today the Problem or the Solution? When the banks stumble, the economy can falter, as it did in the global financial crisis a decade ago. Today, the COVID-19 pandemic poses sizable risks for the US banking system, risks which the stock market appears to have more than priced in. /episode/index/show/lazardassetmanagement/id/15736412

The Great Emerging Misconception 06/26/2020

The Great Emerging Misconception Have markets overplayed the threat of sovereign emerging market defaults? We believe the widespread misperception about the risk defaults pose to emerging markets debt has created some of the most compelling alpha opportunities on offer in today’s markets. /episode/index/show/lazardassetmanagement/id/14978312

The Value of Water 05/26/2020

The Value of Water We use a case study on water risk in the global beverage industry to show how sustainability has many profound and far-reaching implications. /episode/index/show/lazardassetmanagement/id/14576186

Volatility’s Return: An Asset Allocator’s View of the COVID-19 Pandemic 03/27/2020

Volatility’s Return: An Asset Allocator’s View of the COVID-19 Pandemic The COVID-19 pandemic has introduced extraordinary uncertainty and volatility to financial markets and put volatility forecasting strategies to the test. /episode/index/show/lazardassetmanagement/id/13728776

Re-emerging Markets 02/25/2020

Re-emerging Markets Behind the headlines, some of the world’s biggest commodity-driven emerging markets are “getting it.” They’re cleaning up corporate governance, advancing shareholders’ interests, and inviting private investment. Russia, which had the world’s best-performing stock market in 2019, is a beneficiary of this emerging trend and we think Brazil may be next. /episode/index/show/lazardassetmanagement/id/13296923

Don’t Let Risk Eat Your Alpha 12/16/2019

Don’t Let Risk Eat Your Alpha A decade of central bank easing, and the resulting low-volatility environment, has made many investors complacent about risk management. /episode/index/show/lazardassetmanagement/id/12423680

Why So Much Negativity? 11/18/2019

Why So Much Negativity? In the US, unemployment is low, corporate earnings are growing, and businesses remain confident. But with global uncertainty running high, it may be time for investors to refocus on the fundamentals. /episode/index/show/lazardassetmanagement/id/12082940

Trade Tensions Begin to Bite 10/01/2019

Trade Tensions Begin to Bite Ronald Temple outlines four trade deal scenarios and describes how investors might position their portfolios against a trade-tension recession. /episode/index/show/lazardassetmanagement/id/11466101

Recovery, Value and Opportunity: The Case for European Equities 08/30/2019

Recovery, Value and Opportunity: The Case for European Equities Behind the glum market outlook a European recovery is gaining steam, creating an environment that favors alpha generation, even as fundamentals lag in traditional growth industries. /episode/index/show/lazardassetmanagement/id/11059868

The Art and Science of Forecasting 06/21/2019

The Art and Science of Forecasting We discuss the flaws and biases of forecasters and propose a probabilistic framework to forecasting the market. /episode/index/show/lazardassetmanagement/id/10240352

Emerging Markets: The World's Innovation Lab 05/21/2019

Emerging Markets: The World's Innovation Lab We discuss how technology is rapidly changing the emerging markets investment landscape. /episode/index/show/lazardassetmanagement/id/9866936

Digital Disruption in Payments 03/27/2019

Digital Disruption in Payments An analysis of the global payments industry and a look at the potential next opportunity. /episode/index/show/lazardassetmanagement/id/9166703

Is There Still Life in the US Housing Recovery? 02/26/2019

Is There Still Life in the US Housing Recovery? We evaluate the cyclical factors and the structural support that could revive the housing markets. /episode/index/show/lazardassetmanagement/id/8794955

This Fall's Wake-Up Call 12/19/2018

This Fall's Wake-Up Call The era of benign markets appears to be over. We explain the market’s historic bull run, sources of the market’s recent volatility, and prospects for a shift in market leadership. /episode/index/show/lazardassetmanagement/id/7981478

Is the Flattening Yield Curve Signaling a Recession? 11/14/2018

Is the Flattening Yield Curve Signaling a Recession? The yield curve has inverted prior to each of the last nine recessions. So some investors are concerned that the current yield curve flattening may be followed by an inversion, which could be a harbinger of recession. We see several reasons why this time may be different. /episode/index/show/lazardassetmanagement/id/7558094

Protectionism through a Corporate Lens 09/26/2018

Protectionism through a Corporate Lens Escalating trade conflict could upset the current multilateral global trading system. Reorienting global operations and supply chains could be difficult, disruptive, and costly for many businesses. We believe understanding how a business and its competitors are exposed to this risk is critical to evaluating the potential impact of protectionism on profits. /episode/index/show/lazardassetmanagement/id/7095930

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