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Lazard Emerging Markets Equity Portfolio R6 Shares

RLEMX · NASDAQ

Market closed$30.40$-0.210000 (-0.69%)

Key statistics

Previous close$30.61
Open$30.40
Day high$30.40
Day low$30.40
52-week high$31.52
52-week low$21.42
Market cap18.76B
Volume—
Average volume—
P/E ratio13.72
Forward P/E—
EPS2.22
Dividend yield0.00%

Market context

Why it moved

RLEMX edged lower today amid low trading volume and a lack of meaningful catalysts, suggesting mild selling pressure or routine net asset value adjustment within this mutual fund.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Lazard Emerging Markets Equity Portfolio declined as a semiconductor-led tech selloff rippled through global equity markets, with the Nasdaq falling sharply on TSMC's spending forecast and broader risk-off sentiment tied to escalating Middle East tensions. The fund's emerging markets exposure faced additional headwinds from safe-haven dollar demand and volatility in Asia-Pacific equities, even as Indian financial and IT stocks posted strong gains — a divergence that highlights the uneven macro backdrop weighing on EM-focused strategies.

-1.5225

July 15, 2026Lazard Emerging Markets Equity Portfolio closed up 1.25%, lifted by a broadly constructive backdrop for global asset managers. BlackRock topped Q2 earnings estimates with iShares surpassing $6 trillion in AUM, while Wall Street banks posted blowout results driven by record trading and dealmaking — underscoring robust capital market conditions. China's equity rotation into consumer and financial shares, alongside a softer-than-expected U.S. June CPI print, provided additional tailwinds for emerging market sentiment, even as geopolitical risks from the U.S.-Iran conflict and persistent inflation remain key watch points for EM investors heading into H2.

1.2463

July 8, 2026Lazard Emerging Markets Equity Portfolio (RLEMX) edged lower as a broad risk-off wave swept global markets after President Trump declared the U.S.-Iran ceasefire memorandum 'over,' sending oil prices surging over 5% and rattling emerging market sentiment. China-linked holdings provided some cushion — Chinese assets have shown relative resilience through Middle East volatility, with the yuan strengthening and mainland equities posting solid first-half gains — but the escalating geopolitical backdrop and renewed inflation concerns ahead of Fed minutes weighed on the fund.

-0.4867

July 6, 2026Lazard Emerging Markets Equity Portfolio R6 shares gained nearly 2%, buoyed by a broad risk-on rally in emerging market equities. India's Sensex surged for a fourth straight session, with HDFC Bank jumping over 6% on strong 15.4% loan growth and robust deposit data, lifting EM sentiment. Meanwhile, Wall Street advanced as chip stocks rebounded and oil prices eased on Middle East de-escalation hopes, providing a constructive global backdrop for EM-focused funds.

1.918

July 2, 2026Lazard Emerging Markets Equity Portfolio (RLEMX) edged lower, pressured by a broader risk-off tone as U.S. equity markets dipped on the first day of Q3 amid chip stock selloffs and cautious sentiment ahead of the June nonfarm payrolls report. Emerging markets funds faced headwinds from a resilient U.S. dollar, lingering U.S.-Iran geopolitical uncertainty, and signs of softer U.S. labor and manufacturing data — though Fed Chair Warsh's softened inflation rhetoric helped limit broader losses. The financial services sector ETF (XLF) held up comparatively better, trading essentially flat in after-hours.

-0.8553

July 1, 2026Lazard Emerging Markets Equity Portfolio (RLEMX) closed modestly lower as a hawkish Federal Reserve tone and a stronger U.S. dollar weighed on emerging market sentiment. Broader context includes a notable shift in EM investing strategy, with BlackRock noting investors are moving away from broad-based EM allocations toward country-specific bets in India, Southeast Asia, and Gulf markets — a headwind for diversified EM equity funds like Lazard's. The Financial Services sector ETF (XLF) also edged down in after-hours trade, while the S&P 500 finished Q2 with a stellar 14.9% quarterly gain, reflecting a U.S.-centric rally that left broad EM exposure comparatively challenged.

-0.198

June 30, 2026Lazard Emerging Markets Equity Portfolio (RLEMX) rose on the final trading day of a strong first half of 2026, buoyed by improving global risk sentiment as U.S.-Iran peace talks advanced and China's June manufacturing PMI came in slightly above expectations at 50.3, signaling resilient emerging market demand. The fund's gain came alongside a broader equity rally — the S&P 500 closed out its best quarterly performance in years — while investors also digested the Supreme Court's ruling to preserve Fed Governor Lisa Cook's position, easing fears over central bank independence and supporting a more predictable rate environment favorable to EM assets.

1.1984

June 29, 2026Lazard Emerging Markets Equity Portfolio closed essentially unchanged, holding steady as global risk sentiment improved following reports that the U.S. and Iran agreed to halt tit-for-tat strikes in the Strait of Hormuz, allowing peace talks to resume. The ceasefire news helped lift U.S. equities broadly, with the S&P 500 advancing and EM-focused funds like RLEMX drawing support from a broader pro-risk rotation — particularly as analysts, including BlackRock, maintain an overweight stance on emerging market equities, favoring Asian AI component manufacturers and Latin American commodity exporters amid easing energy price pressures.

0.1322

Trustnet · April 16, 2026The six emerging market funds that beat the index in most yearsInvestor's Business Daily · March 21, 2025Best Mutual Funds Awards 2025: International Stock Funds

Peers

S&P 500SPX · $7,457.69-1.01%Six Circles Tax Aware BondCBTAX · $9.79-0.10%DFA U.S. Targeted Value PortfolioDFFVX · $43.94-0.75%DFA International Small Company PortfolioDFISX · $27.07-0.44%DFA US Large Company PortfolioDFUSX · $49.51-1.02%DFA International Small Cap Value PortfolioDISVX · $33.18-0.69%JPMorgan Mid Cap Growth Fund R5JMGFX · $52.36-0.80%Lazard Emerging Markets Equity PortfolioLZOEX · $31.44-0.69%MFS Emerging Markets Equity R6MEMJX · $51.08-1.41%MFS Mid Cap Growth IOTCIX · $28.58-0.66%Templeton Growth Fd, Inc. Class ATEPLX · $28.80-1.13%