Lazard Emerging Markets fund removed from Citywire Selection

Lazard has introduced measures to prevent new investments into its emerging markets fund.

As a result we have removed the Lazard Emerging Markets fund from Citywire Selection, the guide to our best investment ideas.

Fund manager James Donald (pictured) runs £20 billion in this strategy on behalf of clients globally and the fund available to UK retail investors currently stands at nearly £800 million. Given the size of assets, Lazard is looking to control capacity so they can continue to manage the fund in the best interests of investors.

This will help avoid large inflows so Donald can feel comfortable with his remit that has returned 34.3% to investors over the last three years, versus 24.7% for the MSCI Emerging Markets index.

I have personally invested in this fund for around five years through a monthly saving scheme, which Lazard has confirmed is still possible. This investment is in my Sipp through the Hargreaves Lansdown platform and as there are no extra charges to continue saving this way, I intend to maintain my holding.

However, for investors looking to invest new money into this area, Aberdeen Emerging Markets is a star pick in Citywire Selection. The fund is run by Citywire AA rated Devan Kaloo and you can see more details and our verdict by viewing the most recent update.

You can also see all our Citywire Selection emerging market investment ideas.