Eaton Vance Management International has launched the Parametric Global Defensive Equity fund, aiming to help investors reduce equity volatility by harnessing the volatility risk premium.
The UCITS fund, which is domiciled in Ireland, has over $200m in commitments from investors and launched with $70m last month. It seeks to provide defensive equity exposure delivering favourable absolute and risk-adjusted performance, benchmarked against the the MSCI All Country World Total Return Net USD index. Eaton Vance's Mueller: The drivers set to power high yield performance in 2017 The vehicle aims to produce significantly lower return volatility and consistently favourable risk-adjusted returns compared to a fully-invested equity portfolio. It will also increase portfol...
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