Eaton Vance Management (EVM) has launched three new mutual funds sub-advised by Eaton Vance Management (International) Limited (EVMI) – Eaton Vance International Small-Cap Fund, Eaton Vance Focused Global Opportunities Fund, and Eaton Vance Focused International Opportunities Fund.
Eaton Vance International Small-Cap Fund, which commenced operations on December 16th, seeks to achieve long-term capital appreciation by attempting to exploit the breadth and relative inefficiencies of the international small-cap universe. The Fund looks to achieve its objective by investing primarily in high-quality or improving-quality companies that management believes are best placed to benefit from structural growth.
Eaton Vance Focused International Opportunities Fund, which commenced operations on December 16th, seeks to achieve long-term capital appreciation by investing in a focused portfolio of 25-40 non-US stocks that management believes are high in quality or improving in quality.
Eaton Vance Focused Global Opportunities Fund, which commenced operations on 17 December, seeks to achieve long-term capital appreciation by investing in a focused portfolio of 25-40 US and non-U.S. stocks that management believes are high in quality or improving in quality.
"We are looking forward to expanding our fund offerings by introducing these new international and global portfolios managed from EVMI's London office," says Edward J Perkin (pictured), CFA, Chief Equity Investment Officer of Eaton Vance Management. "We believe there is unmet demand for high active share, risk-conscious portfolios in the global and international equity markets. We will employ a bottom-up, research-intensive process to building these portfolios, with the goal of driving potential outperformance through rigorous stock selection."
