lazard

Emerging markets took a tumble at the start of the year and worried investors pulled their money out of some of the largest emerging market equity funds in the UK market.

Lazard Global Equity Income manager Pat Ryan has been buying EM stocks on valuation grounds as the region continues to underperform global indices.

Lazard Asset Management has launched an offshore version of Pat Ryan's £327m Lazard Global Equity Income fund.

The cheapest UK equity income funds in the market are delivering much better long-term returns than some of their more expensive rivals, data compiled for Investment Week reveals

ON UK INCOME

THE BIG QUESTION

ONE TO WATCH

A planned deal which would create one of the largest asset managers in Europe grabbed our readers' attention this week.

Lazard Asset Management's UK business has seen profits fall sharply by 75% in 2012 following a rise in outflows as well as a jump in costs.

Buyers fear increased stock-specific risk as active EM funds run high weightings to developed markets.