Lazard Files Active ETF Focused on Non-U.S. Currency Bond Opportunities

The Lazard Non-Dollar Active Income ETF will invest at least 80% of its assets in fixed-income securities denominated in currencies other than the U.S. dollar. The actively-managed fund will invest across government, supranational, and corporate debt globally, including both investment-grade and high-yield bonds, as well as money market instruments. Using a combination of bottom-up security selection and top-down macro analysis, the portfolio will seek opportunities across developed and emerging markets. The non-diversified fund will have flexible duration and credit exposure, including unrated and below-investment-grade securities.