Lazard Asset Management has registered for sale in Spain its high quality bond fund investing in the Scandinavian economies of Norway, Finland, Sweden, and Denmark.
The Lazard Scandinavian High Quality Bond Fund, launched in February 2019, invests in a portfolio of Scandinavian and global bonds denominated in Scandinavian currencies.
The Fund is co-managed by Michael Weidner and Daniel Herdt, members of the Lazard European fixed income team. Its investment universe comprises Scandinavian issuers issuing in local or hard currency and global issuers issuing in Scandinavian local currencies.
The strategy combines a bottom-up fundamental analysis and security selection with a top-down asset allocation. An in-depth security analysis based on quantitative and qualitative factors seeks to identify investment opportunities. The fund aims to produce attractive medium-term to long-term investment returns while maintaining a very high credit rating profile.