Lazard Active ETF Trust (IEQ) operates as an asset management firm, focusing on actively managed exchange-traded funds (ETFs) that seek to outperform traditional index funds. The firm leverages Lazard's extensive global research capabilities and investment expertise, primarily targeting institutional investors across North America and Europe.
Financial ServicesAsset Managementmoderate - The business model has moderate operating leverage due to the fixed costs associated with research and fund management, balanced by variable costs that scale with AUM.