Eaton Vance launches emerging markets, global funds into Europe
Eaton Vance Management (International) Ltd, a subsidiary of Eaton Vance Management and the international arm of Eaton Vance Corp, has launched two funds into Europe based on the investment process of its structured investments specialist subsidiary Parametric Portfolio Associates.
The Eaton Vance International (Ireland) Parametric Emerging Markets Core Fund will primarily invest in a diversified equity portfolio of companies which are domiciled in or derive most of their revenues from emerging market countries.
The Eaton Vance International (Ireland) Parametric Global Equity Fund will invest in a diversified portfolio of companies present globally, in both developed and emerging markets.
Niall Quinn, managing director, Eaton Vance Management International said: “The launch of these funds is in response to the ever-present demand for different ways to invest in global and emerging markets equities. These two new funds further enhance our solution set for clients and provide them with a credible alternative to traditional active and passive product offerings in two key markets.”
Both funds are sub-funds of Eaton Vance International (Ireland) Funds plc, an Irish Ucits fund. The funds offer two classes of shares for purchase: Class A2$ and Class I2$.
Seattle, Washington based Parametric managed $46.1bn in client assets as of the end of April 2012.