With asset managers continuing to slice and dice the investment landscape by introducing niche products, Lazard Asset Management LLC announced Tuesday that it launched an actively managed mutual fund that focuses on infrastructure companies.

The Lazard Global Listed Infrastructure Portfolio is available to both institutional and individual investors. The fund invests in companies with a minimum market capitalization of $250 million. It uses a “preferred infrastructure” approach that focuses primarily on equity securities of companies that own infrastructure assets that exhibit certain desirable characteristics including longevity of the issuer, lower risk of capital loss and revenues linked to inflation.

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