Lazard Asset Management has unveiled an offshore version of its £315 million (US$525.01 million) Global Equity Income fund.
Domiciled in Dublin, the new fund will be managed by Patrick Ryan and team and benchmarked against the MSCI AC World Index.
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The new fund is available for both dollar and sterling share classes with annual management charge for the retail C share class of 0.75%.
Over the last three years, the onshore fund had returned 24.9%, compared to a sector average of 30.9%, according to FE.
Tony Maddock, head of third party distribution at Lazard, said: "The launch of this offshore version of the Global Equity Income fund has been very much driven by client demand, and will satisfy the needs of those that prefer to access funds that are domiciled offshore."
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