Launch of Eaton Vance Global Macro Capital Opportunities Fund
PR Newswire
BOSTON, Nov. 3, 2014
BOSTON, Nov. 3, 2014 /PRNewswire/ -- Eaton Vance Management (Eaton Vance), a subsidiary of Eaton Vance Corp (NYSE:EV), today announced the launch of Eaton Vance Global Macro Capital Opportunities Fund (Class A: EACOX, Class I: EICOX), a non-diversified equity mutual fund seeking total return managed by Marshall L. Stocker, John R. Baur, Michael A. Cirami and Eric A. Stein.
Eaton Vance Global Macro Capital Opportunities Fund invests in global equities and equity-related securities by employing a top-down approach that emphasizes active country selection and broad exposure to economic sectors and issuers. The Fund may invest in developed and emerging markets, including frontier market countries. The Fund invests in equities and equity index derivatives to construct country-level and sector equity exposures while attempting to minimize the structural or idiosyncratic risks of individual securities.
"Country allocation, more than sector or stock selection, remains the primary determinant of an international equity fund's investment return," said Mr. Stocker. "Likewise, empirical analysis demonstrates that changes in a country's political-economic policy correlate to investment outcomes. Good macroeconomic policy developments, such as increases in economic freedom, have corresponded with excess equity market returns over time. The Fund seeks to invest primarily in economic reforming countries that the market has undervalued."
Eaton Vance Corp. is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $293.7 billion in assets as of September 30, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made it the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit eatonvance.com.
About Risk: Fund share values are sensitive to stock market volatility. When interest rates rise, the value of preferred stocks will generally decline. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. In emerging countries, these risks may be more significant. An imbalance in supply and demand in the income market may result in valuation uncertainties and greater volatility, less liquidity, widening credit spreads and a lack of price transparency in the market. Derivative instruments can be used to take both long and short positions, be highly volatile, result in economic leverage (which can magnify losses), and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of collateral or other assets held by the counterparty. Because the Fund may invest significantly in a particular geographic region or country, value of Fund shares may fluctuate more than a fund with less exposure to such areas. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. No Fund is a complete investment program and you may lose money investing in a Fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.
Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus and summary prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.
The Fund is distributed by Eaton Vance Distributors, Inc., Two International Place, Boston, MA 02110. Member FINRA/ SIPC
Not FDIC Insured - Not Bank Guaranteed - May Lose Value
SOURCE Eaton Vance Management
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