Lazard Picks Through Ashes of Emerging-Market Rout

The transcript discusses Lazard's investment strategies in emerging markets, focusing on buying bonds in countries like Ghana and Indonesia due to fiscal discipline. It also covers their approach to the potential trade war, predicting no escalation and continuing risk-taking. Additionally, the transcript highlights the impact of the dollar's performance on investments, noting a shift from peak growth to anticipated dollar weakness.

Which countries' bonds is Lazard buying as part of their emerging market strategy?

• Ghana and Indonesia

• Brazil and Argentina

• South Africa and India

• Mexico and Turkey

What is Lazard's stance on the potential trade war?

• They predict an exit ramp will be found before tariffs hit.

• They are preparing for a prolonged trade war.

• They believe a trade war is inevitable.

• They think tariffs will not affect global markets.

How is Lazard positioning itself in response to their trade war prediction?

• They are investing in technology stocks.

• They are focusing on European markets.

• They are taking a risk-on approach.

• They are reducing risk exposure.

What unexpected event caught everyone by surprise according to the discussion on the dollar?

• The euro's strength

• The dollar's rally

• The dollar's decline

• The yen's stability

What is Lazard's prediction regarding the US economic growth and its impact on the dollar?

• They foresee the end of peak growth and dollar weakness.

• They expect continued peak growth and dollar strength.

• They anticipate stable growth and a stable dollar.

• They predict a recession and dollar collapse.