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Lazard leaps into third spot in Isa league

Morningstar, which gives investment houses with at least five rated Isa funds an overall average rating, scored Lazard 4.2 out of five, putting it behind GAM in first place and BGI in second with ratings of 4.5 and 4.25 respectively.

It was the first month Lazard had five rated Isa funds to qualify.

Standard Life Investments and Prudential Unit Trusts were the fastest risers up the table, with SLI shooting up 12 places to sixth spot from 18th last month with a rating of four and Pru moving to 15th from 25th with 3.44.

Chelsea Financial Services head of research Juliet Schooling says: “We have not previously recommended Lazard but I think they are gaining more of a retail presence than they have had in the past. They do seem to be making progress in getting their message across.”

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