Summary: While there are several potential sources of correlation in the global currencies asset class, including economic and trade linkages, financial flows and market relations, and central bank policy connections, emerging markets exhibit different behavior compared to most of the other “contagious” asset classes. For example, correlations among emerging markets currencies tend not to spike and remain at elevated levels for long periods of time. Please join us on the next Lazard Insights Call, when Ardra Belitz, Director and Portfolio Manager, will review investor differentiation in the varied local currency emerging markets, the degree to which foreign and/or leveraged global capital flow is present, and different directionality drivers. She will also discuss how the role of central banks differs among countries. Featured Speaker: Ardra Belitz Director, Portfolio Manager Ardra Belitz is a Director of Lazard Asset Management LLC and a Portfolio Manager specializing in emerging market currency and debt. She has been a member of the Emerging Income management team since 1998. Ardra began working in the investment industry in 1994. Prior to joining Lazard in 1996, she worked at Bankers Trust Company. Ardra has her BA in Economics from Brandeis University, from which she graduated Phi Beta Kappa.
