Lazard Asset Management has launched the Lazard Developing Markets Equity Portfolio. The new emerging markets mutual fund, available to both institutional and individual investors, uses a bottom up stock selection process and a relative growth strategy.

The Lazard Developing Markets Equity Portfolio, co-managed by portfolio managers Kevin O’Hare and Peter Gillespie, will primarily invest in securities and countries in the MSCI Emerging Markets Index. This index also serves as the benchmark against which the fund’s performance will be measured.

The fund will generally invest in approximately 60 to 90 emerging market securities whose companies have a market capitalization of over $300 million. Companies that have more than 50% of their net assets or sales from emerging markets may also be included.