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Business Wire (Thu, 22-Feb 8:36 PM ET)
Business Wire (Mon, 22-Jan 1:45 PM ET)
Lazard Global Total Return and Income Fund Announces Monthly Distribution Amount
Business Wire (Tue, 2-Jan 4:58 PM ET)
Business Wire (Fri, 22-Dec 1:11 PM ET)
The funds investment objective is total return, consisting of capital appreciation and current income. The fund invests in a portfolio of approximately 35 to 45 equities with a market cap of $5 billion or greater, which are domiciled in those countries that comprise the MSCI World Index. The fund seeks enhanced income by investing in emerging market debt instruments, including emerging market forward currency contracts.
Lazard Global Total Return & Income trades on the NYSE stock market under the symbol LGI.
As of March 18, 2024, LGI stock price climbed to $16.28 with 35,846 million shares trading.
LGI has a beta of 1.19, meaning it tends to be more sensitive to market movements. LGI has a correlation of 0.76 to the broad based SPY ETF.
LGI has a market cap of $211.85 million. This is considered a Small Cap stock.
In the last 3 years, LGI stock traded as high as $22.32 and as low as $12.66.
LGI stock has underperformed the market in the last year with a return of +17.5%, while SPY returned +33.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LGI shares. However, LGI has outperformed the market in the last 3 month and 2 week periods, returning +10.1% and +2.3%, while SPY returned +9.6% and +0.3%, respectively. This indicates LGI has been having a stronger performance recently.
LGI support price is $15.90 and resistance is $16.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LGI stock will trade within this expected range on the day.