Lazard Asset Management has launched a fixed income vehicle investing in the higher end of the Scandinavian bond market, noting the stable fundamentals in the region.
Believing the Lazard Scandinavian High Quality Bond fund to have no directly comparable peers, managers Michael Weidner and Daniel Herdt will invest with a medium to long-term horizon, focusing on issues with high credit rating and liquidity profiles. The pair sit in Lazard's European fixed income team. The fund will hold Scandinavian bonds and global bonds denominated in Scandinavian currencies. Weidner and Herdt will use a blend of bottom-up fundamental analysis and security selection with a top-down asset allocation. Lazard's Jeremy Taylor on his first six months as the firm'...
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