Lazard Asset Management has launched an actively-managed infrastructure ETF, the Lazard Listed Infrastructure ETF, which aims to provide investors with access to Lazard’s expertise in investing in listed infrastructure companies.
The US-based firm said infrastructure investing is gaining prominence as spending accelerates globally to “modernise ageing assets”.
The ETF will focus on a select segment of the global infrastructure market that Lazard said it believes delivers “higher revenue, greater predictability, increased profitability, lower volatility, and reduced risk compared to the broader sector”.
It will comprise 25 to 50 investments in companies with market capitalisations exceeding $2bn (£1.5bn).
Rob Forsyth, global head of ETFs at Lazard, said: “The launch of [the fund] provides another avenue for clients to access our storied infrastructure capabilities.
“It’s another example of our commitment to providing more investors tools to help them build stronger, resilient portfolios in the most efficient format available.”
