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Lazard Emerging Market Institutional (LZEMX)
Old 08-22-2007, 11:56 PM   #1
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Lazard Emerging Market Institutional (LZEMX)

Its performance in the last 5 years is mind-boggling!

Opinions? Anyone?
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Old 08-23-2007, 12:03 AM   #2
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Compare to Vanguard's VWO:



The mind-boggling returns are due to emerging markets, not the particular fund.
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Old 08-23-2007, 05:54 PM   #3
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Sam -

Ahh as far as actively managed emerging market funds, I really respect the Mathews Funds and IMO, they have a very solid investment approach in these markets.
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Old 08-23-2007, 08:39 PM   #4
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wildcat,

What's the symbol for the Mathews Funds?

wab,

OK. So the emerging market is mind-boggling.
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Old 08-23-2007, 08:42 PM   #5
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Quote:
Originally Posted by Sam View Post
wildcat,

What's the symbol for the Mathews Funds?

wab,

OK. So the emerging market is mind-boggling.
Matthews Asian Funds - Investing in the future of Asia since 1994

Take your pick. Only downfall is that they tend to be a bit Asia centric. However, I think that is where a lot of emerging market growth will come from in the future. Be sure to read through some of their commentaries/semis/annual reports. I think you will find them to be a very shareholder friendly firm.
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Old 08-23-2007, 08:54 PM   #6
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Quote:
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OK. So the emerging market is mind-boggling.
"Is" or "was?" That is the question.

FWIW, I try to overweight in China by using FXI.

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Old 08-23-2007, 09:15 PM   #7
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Thanks, wildcat.

wab,
"Is" as far as I can tell. Obviously, no one knows what tomorrow will be like. I would not be surprised if China stock index drops by 50% in a short time.
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Old 08-23-2007, 09:23 PM   #8
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Yup, P/E is higher on Chinese stocks than other emerging countries (and FXI only holds Chinese "blue chips"). But their economy is still growing like crazy, and they make just about everything I buy, so I'll take my chances for a while longer.

BTW, the local Chinese stock markets are much crazier, but apparently investors there believe their govt won't let anything bad happen before the next Olympics, so they're going pedal to the metal until then!
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