Following a review of the IA Global Equity Income sector, we have removed Lazard Global Equity Income from the Recommended list.

This is a long-standing fund in the context of the sector and is managed according to Lazard’s established approach of seeking out financially productive companies.  For this mandate, the team targets a yield of 5% and therefore, there is an additional focus upon companies with high and sustainable dividend streams.

This is a solid and thoughtful approach for investors seeking a higher yield from a portfolio of global stocks, but we feel that it lacks appeal to non-institutional investors within what is a very competitive sector.  For this reason, we have taken the decision to remove it from the service.