Behind the Headlines, November 2024 – Lazard Asset Management

In this report, Lazard Asset Management unpacks the top macro headlines around the world and what it could mean for investors. This edition covers the instantaneous impact of the U.S. election to the markets, the Chinese government announcing their RMB10 Trillion local government debt resolution package and the Bank of England’s decision to cut interest rates.

Lazard Asset Management serves as the Portfolio Manager of the Caldwell-Lazard CorePlus Infrastructure Fund.

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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 November 2024. 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.

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