Emerging Asia, which is heavily reliant on crude oil from the Middle East, was the worst-performing region in the period, falling 1.5%, due largely to worries that the oil shock will adversely impact the region's economic outlook.
In the first quarter, the Lazard Retirement Emerging Markets Equity Portfolio rose in absolute terms and outperformed its benchmark, the MSCI Emerging Markets Index.
Market fundamentals remain fluid based upon significant new and existing geopolitical and trade risks.
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Market Review
Equity markets in the developing world, as measured by the MSCI Emerging Markets Index, slipped 0.2% in the first quarter. The monthslong rally across equity markets in the developing world—fueled in part by global investors seeking alternatives
