Lazard Asset Management

Stocks tend to move in a similar fashion in response to economic news, like job market data releases or rate hike announcements—which is why different style and risk buckets tend to have correlations of at least 50% to 60%, with an average closer to 80%. But July saw a negative correlation between high-risk stocks and low-risk stocks in the US market—an extremely rare phenomena that we believe could offer investors an opportunity for diversification against wider market risks. Read more in the latest Beyond the Numbers: https://lnkd.in/gsHJqBNd

As demand for computing power continues to rise, customers are increasingly focused on securing capacity, diversifying their technology stacks and identifying the right solutions for different workloads. That evolution could create opportunities across a broader range of semiconductor technologies and suppliers. On Bloomberg Technology, Portfolio Manager Celine Woo explored how the next stage of AI infrastructure investment may expand the opportunity set—and why understanding each company’s role within the ecosystem remains critical. Hear Celine’s views below:

Emerging markets have shown resilience amid geopolitical uncertainty, but disruptions around the Strait of Hormuz highlight the growing importance of country selection. Higher energy prices can support commodity exporters, while energy-importing economies may face renewed inflation, current-account, and fiscal pressures. Read our latest Emerging Markets Outlook: H2 2026 for more information: https://lnkd.in/e-WXacK3

The aperture of the AI trade is widening, and identifying its more durable beneficiaries requires looking beyond the most prominent names. Speaking with CNBC, our Chief Investment Officer Eric Van Nostrand explained why Lazard is focused on the “picks and shovels” of the AI economy. These are the companies providing technological infrastructure required to support continued investment in AI, though their potential may not yet be fully reflected in market sentiment. Hear more from Eric below:

Lazard Asset Management is delighted to welcome two senior leaders to the firm. Chris Bricker joins as Head of Corporate Development, bringing three decades of experience in strategic growth across the asset management industry. TP Enders joins as Head of Product, with more than 20 years building global product platforms.   As we advance our Lazard 2030 strategy, Chris and TP will help us bring differentiated, client-led solutions to market.   Welcome, Chris and TP!

Emerging markets (EM) are entering a new era of divergence. Geopolitics, energy volatility, and the global AI build-out are reshaping the opportunity set across the asset class, which is poised to create distinct winners and losers for the second half of 2026. Read our latest outlook on the forces driving the next phase of EM investing: https://lnkd.in/e-WXacK3 #EMOutlook #Emergingmarkets #EM #H2 #China #MiddleEast #Equities #Oil

Momentum continues to build across Lazard Asset Management. In the first half of 2026, we delivered our strongest net inflows in nearly 20 years while reaching record reported assets under management of $285 billion. These results reflect the continued trust our clients place in our investment teams, the strength of our global platform and our focus on delivering differentiated active investment solutions across markets. Thank you to our clients and colleagues around the world for making this progress possible. Read more about Lazard's second quarter results:

US consumer sentiment has softened recently, even as the labor market remains near full employment, retail sales continue to grow, and GDP looks resilient.   Chief Market Strategist Ronald Temple explores how uneven gains across income and wealth cohorts may help explain this divergence–and what it could mean for investment portfolios: https://lnkd.in/dFt2i-qe

Chief Market Strategist Ronald Temple shares his three core convictions for the years ahead in his latest Global Mid-Year Outlook. Read the full report for insight into what these shifts could mean for investors across regions and asset classes: https://lnkd.in/e8wF8gWu