In their latest report, Lazard Asset Management explains that the Iran conflict has significantly worsened the global inflation outlook for 2026, with higher and uneven inflation across regions driven by energy and supply disruptions. The report outlines multiple scenarios showing that the scale and duration of these disruptions will determine the ultimate economic impact, while noting that an initial inflation spike could eventually give way to lower inflation if the shock triggers a broader recession.
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 April 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.