In their latest report, Lazard Asset Management highlights how the ongoing Iran war is further constraining global energy production and shipping, potentially creating opportunities for investors to shift capital from U.S. assets toward non-U.S. markets, particularly emerging markets and Japan. The report also notes inflation risks from rising energy prices and tariffs, alongside strong but potentially distorted Chinese trade data, with expectations that global resistance to Chinese exports will increase in 2026.
Lazard Asset Management serves as the Portfolio Manager of the Caldwell-Lazard CorePlus Infrastructure Fund.
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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 March 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.