Lazard Frères Gestion (LFG) has registered for sale in Iberia (Spain and Portugal) a new target maturity fund that invests primarily in corporate bonds.
As its name suggests, Lazard Sustainable Credit 2025 will run until the end of June 2025, investing in high yield bonds issued by financial entities. The strategy will be managed by Benjamin Le Roux and will take in consideration ESG principles.
The fund will follow a buy and hold type investment strategy. This is a long-term passive strategy where investors keep a relatively stable portfolio over time, regardless of short-term fluctuations.
As per the fund's targeted investor, it is primarily aimed at institutional investors, banking and insurance networks.
