Deschutes Portfolio Strategy buys $3,578,658 stake in Lazard World Dividend & Income Fund Inc (LOR)

Lazard World Dividend & Income Fund Inc (LOR) : Deschutes Portfolio Strategy scooped up 74,626 additional shares in Lazard World Dividend & Income Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 379,900 shares of Lazard World Dividend & Income Fund Inc which is valued at $3,578,658.Lazard World Dividend & Income Fund Inc makes up approximately 1.91% of Deschutes Portfolio Strategy’s portfolio.

Lazard World Dividend & Income Fund Inc opened for trading at $9.3901 and hit $9.42 on the upside on Monday, eventually ending the session at $9.42, with a gain of 0.21% or 0.02 points. The heightened volatility saw the trading volume jump to 30,876 shares. Company has a market cap of $62 M.

Lazard World Dividend & Income Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is total return through a combination of dividends income and capital appreciation. The Fund’s world equity portfolio is typically invested in 60 to 90 securities broadly diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund’s invests in automotive; banking; construction and engineering; energy services; financial services; household and personal products; leisure and entertainment; insurance; pharmaceutical and biotechnology; real estate; technology hardware; telecommunications; commercial services and transportation among others. The other sectors in the portfolio include consumer discretionary consumer staples health care industrials materials and utilities. The Fund’s Investment Manager is Lazard Asset Management LLC (Lazard).

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