As they write in this edition of Lazard Insights, in the assessment of the Lazard International Quality Growth Team, the most attractive opportunities can be identified by an active approach that targets specific companies with a specific set of characteristics.
In particular, the Team believes that equity investors should have a permanent allocation to quality, and that the key to delivering outperformance is to actively seek out quality companies with high levels of financial productivity, durable competitive advantages, and the ability to reinvest in themselves.
