Lazard Global Listed Infrastructure Portfolio Q4 2024 Commentary
Source: SeekingAlpha
2025-03-20 02:55:00 ET
Summary
- Central banks' interest rate policies dominated Q4, with the Fed's cautious stance triggering a US stock sell-off and mixed actions in Europe and the UK.
- The Lazard Global Listed Infrastructure Portfolio outperformed its benchmark, driven by strong performances from companies like Ferrovial and German airport operator Fraport.
- We remain cautious on US utilities but see emerging stock-specific opportunities; European infrastructure offers attractive value despite market volatility.
- A concentrated portfolio with selective stock-picking is essential for favorable risk/return trade-offs; expect short-term volatility but promising long-term returns.
Market Overview
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Lazard Global Listed Infrastructure Portfolio Q4 2024 Commentary
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