In their latest report, Lazard Asset Management notes that mixed U.S. labour data point to restrained hiring and limited layoffs, suggesting unemployment may edge higher in 2026 without a sharp spike, while consumer sentiment has rebounded modestly but is likely to remain weak amid tariff-driven inflation pressures, and China’s inflation remains subdued, with Consumer Price Index stabilizing just above zero and Producer Price Index staying in deflation due to excess capacity.
Lazard Asset Management serves as the Portfolio Manager of the Caldwell-Lazard CorePlus Infrastructure Fund.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The information contained herein is intended to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of a specific investor. Commentary and portfolio characteristics are the opinion of the Portfolio Manager based on market conditions as of January 2026. References or inferences to returns do not take into account any management fees, transaction costs, commissions, custodial fees, taxes or other costs that apply when purchasing securities. We strongly recommend consulting with a professional advisor prior to making investment decisions.