In his latest report, Ronald Temple, Chief Market Strategist at Lazard Asset Management, highlights growing risks to U.S. equity markets as stronger labour data and rising wages could keep inflation elevated, pushing long-term interest rates and bond yields higher. With bonds becoming increasingly attractive relative to expensive U.S. equities, investors may shift capital toward fixed income, while lower-valued non-U.S. markets could offer greater downside protection.
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 October 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.