Lazard Transforms Mutual Fund Into IEQ ETF Amid Rising Demand For International Stocks
In a move that indicates faith in the resurgence of global equities, Lazard Asset Management has transformed its International Equity Advantage mutual fund into actively managed ETF, the Lazard International Dynamic Equity Fund (NYSE:IEQ). With this, IEQ joins Lazard’s theme- and region-based ETF suite that includes the Equity Megatrends ETF (NASDAQ:THMZ), Japanese Equity ETF (NASDAQ:JPY), and Next Gen Technologies ETF (NASDAQ:TEKY).Also Read: IMTM ETF Tanks, Then Soars: Why Global Momentum Is Making A ComebackLaunched on Monday, IEQ is not starting from zero. It inherits both the history and portfolio DNA of its mutual fund ancestor, now in the slick, low-cost, and ...Full story available on Benzinga.com
