Lazard Enters Fixed Income ETF Market With Three Active Strategies

Lazard Asset Management has launched its first three actively managed fixed income ETFs on NYSE Arca, expanding its U.S. ETF lineup to 10 products. The Lazard US High Yield ETF (HYB) invests primarily in below-investment-grade U.S. corporate bonds and converts a mutual fund strategy dating back to 1995. The Lazard Hybrid Financial Income ETF (HYFY) targets higher income through hybrid securities issued by global financial institutions, including preferred shares, contingent convertible bonds (CoCos), and subordinated debt. The Lazard Non-Dollar Active Income ETF (XDLR) focuses primarily on emerging market local-currency bonds, offering income opportunities and diversification away from the U.S. dollar. The launches build on Lazard's ETF expansion since April 2025, with its U.S. platform now managing more than $2 billion in assets.