Economic Franchises: Resilience in an Uncertain World
- 06 mins 48 secs
Economic franchises are businesses that are resilient to political and economic shocks. They
are typically the dominant player in their market segment, and they benefit from scale, strong
brands, network effects, intellectual property, and high switching costs. True franchises
comprise less than 2% of the global stock market universe. Matthew Landy, Portfolio
Manager/Analyst on the Lazard Global Equity Franchise team, explains how franchises can
offer investors distinctive benefits today in an uncertain market environment.
In this report:
Channel:
Lazard Asset Management
In this report:
- The role franchises can play in portfolios
- How we identify and rank economic franchises
- The importance of value
People:
Matthew Landy
Companies: Lazard Asset Management
Topics: Risks, Investors, 5mins, Global Equities,
Companies: Lazard Asset Management
Topics: Risks, Investors, 5mins, Global Equities,
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