In their latest report, Lazard Asset Management highlights that the reopening of the Strait of Hormuz has eased energy prices, though uncertainty remains, while mixed economic signals persist globally. The report notes stronger-than-expected Chinese GDP but a weakening outlook amid trade tensions, alongside resilient U.S. retail sales that appear less robust once adjusted for energy-related spending.
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.