Strategy Characteristics

Click on the links below to view the information.

The Emerging Markets Strategy invests primarily in equity securities of companies that are based in emerging markets or whose activities are primarily located in those markets. The Portfolio normally holds 50-80 investments across at least 15 countries. To reduce its volatility, the Portfolio is diversified across dimensions of geography, industry, currency and market capitalization.

Because of the often complex and expensive registration and custody requirements for direct investors into emerging markets equities, minimum investments for separate accounts in this strategy are significantly higher than for our other strategies.