15 May 2017

Ignoring the Short Term – a thematic perspective from Lazard Asset Management

Lazard Asset Management (the manager of Zurich’s Global Thematic Share Fund) recently evolved its investment thinking, introducing new themes into Global Thematic that more precisely capture the long term wealth creation opportunities identified by the investment team.

We’ve explored the ‘Empowered Consumer’ and ‘First World Health’ themes already, and here we look at ‘Ignoring the Short Term’, which attempts to address the rampant short-termism in equity markets today. The attitude to short termism has permeated the corporate layer, and corporate management is becoming increasingly short term focused in response to that shareholder pressure. That’s a problem because short termism in corporate management may lead to under-investment, which can erode long term shareholder returns.

In this short video, Lazard’s Portfolio Manager Steve Wreford explains the theme in more detail and gives an example of a stock that is part of the solution, and which he thinks provides a valuable investment opportunity.

Zurich Investments’ partnership with Lazard Asset Management extends back nearly 15 years. We are proud to have them as our exclusive investment partner for the Zurich Investments Global Thematic Share Fund. Find out more about Zurich’s Global Thematic Share Fund here, or contact your Zurich representative to discuss how we can help you.

Important information: The content of the video are the opinions of the presenter and is intended as general information only which does not take into account the personal investment objectives, financial situation or needs of any person. You should consider these factors, the appropriateness of the information and the Product Disclosure Statement (PDS) (available on www.zurich.com.au) before making any decisions. The Zurich Investments Global Thematic Share Fund is issued by Zurich Investment Management Limited ABN 56 063 278 400 AFSL 232511. The information in this publication is dated May 2017, and may be subject to change. It should not be considered to be a comprehensive statement on any matter and should not be relied on as such. Neither Zurich Investment Management Limited nor any of its related entities, employees or directors (Zurich) give any warranty of reliability or accuracy nor accept any responsibility arising in any way including by reason of negligence for errors and omissions. Zurich recommends investors seek advice from appropriately qualified financial advisers. No part of this document may be reproduced without prior written permission from Zurich.

Past performance is not reliable indicator of future performance.


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