Eaton Vance, a US-based investment management firm, has launched Eaton Vance Structured International Equity Fund, a new mutual fund seeking long-term capital appreciation.
According to Eaton Vance, the fund will invest primarily in established stock markets outside the US, and seeks to add value through portfolio construction and systematic rebalancing across countries and market sectors.
Eaton Vance Management is investment adviser to the fund and Parametric Portfolio Associates, an Eaton Vance affiliate, is the investment sub-adviser.
The fund will be co-managed by Thomas Seto, vice president and director of portfolio management of Parametric, and David Stein, managing director and chief investment officer of Parametric.
Mr Seto said: “The fund allocates across countries and sectors based on factors including market capitalization, volatility levels, and cross-correlations. Our approach emphasizes diversification and disciplined rebalancing over security selection and market timing. Parametric has successfully managed emerging market equity portfolios in a similar style since 1994.”