(Bloomberg) -- In 1994, Seattle-based Parametric
Portfolio Associates set out to create a strategy for investing
in emerging markets that would smooth out the price swings of
markets such as Brazil or Malaysia.
As a way to improve returns over the long term, it's on the
right track. Parametric's $1 billion Eaton Vance Tax-Managed
Emerging Markets Fund returned 33 percent annually on average for
the five years ended on May 29. That made it the third-best
performer among the 100 U.S.-based funds investing in emerging-
market stocks, according to data compiled by Bloomberg.
Read more at Bloomberg Exclusive News
Portfolio Associates set out to create a strategy for investing
in emerging markets that would smooth out the price swings of
markets such as Brazil or Malaysia.
As a way to improve returns over the long term, it's on the
right track. Parametric's $1 billion Eaton Vance Tax-Managed
Emerging Markets Fund returned 33 percent annually on average for
the five years ended on May 29. That made it the third-best
performer among the 100 U.S.-based funds investing in emerging-
market stocks, according to data compiled by Bloomberg.
Read more at Bloomberg Exclusive News
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