Lazard “Tops” Asset Manager List; Emerging Market Exposure 34% Of AUMRupert Hargreaves
As the emerging market sell-off intensifies, Goldman Sachs has put together a list of the public asset managers with the most exposure to emerging markets.
Listed asset managers have outperformed the wider market in general since 2009, enjoying the benefit of rising markets, emerging market optimism and investor interest in fixed income. Morningstar calculates that funds that specialize in bonds have attracted $1.6 trillion in the US alone over the past six years.
But the boom times could now be well . . .
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