Eaton Vance Global Macro Absolute Return Advantage Fund
Overview
The Eaton Vance Global Macro Absolute Return Advantage Fund is a mutual fund that employs a global macro strategy, aiming to generate positive total returns by dynamically allocating across various asset classes, including equities, fixed income, currencies, and commodities. The fund seeks to capitalize on macroeconomic trends and structural transformations to identify asymmetric risk/reward opportunities. The fund's investment approach is fundamentally driven and discretionary, supported by an extensive quantitative research platform. It focuses on major macroeconomic shifts and structural transformations, investing at the asset class, country, sector, and thematic levels. The strategy aims to provide low beta to broad asset classes by taking the majority of risk in uncorrelated, hedged positions, with directional positions taken on a tactical and opportunistic basis. The fund has a history of delivering positive returns, with an average annual total return of 9.23% over the past three years and 8.09% over the past five years, as of March 31, 2025. Its performance has been competitive, outperforming its benchmark, the ICE BofA 3-Month U.S. Treasury Bill Index, which had returns of 4.23% and 4.83% over the same periods, respectively. The fund is managed by a team of experienced professionals, including Kyle Lee, CFA, who co-leads the Emerging Markets team and has been with Eaton Vance since 2007. The team is responsible for buy and sell decisions, portfolio construction, and risk management for assets in emerging and frontier markets. The fund is domiciled in the United States and is available to investors through various platforms, including Morgan Stanley and other financial institutions. Please note that past performance is not indicative of future results, and investing in the fund involves risks, including the possible loss of principal. Investors should consider their investment objectives and risk tolerance before investing in the fund.
Investment Focus
- Accredited investors only
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Eaton Vance Global Macro Absolute Return Advantage Fund
What sectors does Eaton Vance Global Macro Absolute Return Advantage Fund invest in?
Eaton Vance Global Macro Absolute Return Advantage Fund invests in Commodities, Fixed Income, Equities, Currencies, Government Bonds and Emerging Markets, and is based in Massachusetts, United States. Eaton Vance Global Macro Absolute Return Advantage Fund is listed as a mutual fund in the ConnectSafely investor database.
What stage does Eaton Vance Global Macro Absolute Return Advantage Fund invest at?
Eaton Vance Global Macro Absolute Return Advantage Fund backs companies at Growth, Late Stage, Pre-IPO, Buyout, Turnaround and Distressed, writing cheques of 1M - 100M.
Which regions does Eaton Vance Global Macro Absolute Return Advantage Fund invest in?
Eaton Vance Global Macro Absolute Return Advantage Fund invests across United States, Japan, Mexico, Egypt, New Zealand and Philippines.
What companies has Eaton Vance Global Macro Absolute Return Advantage Fund invested in?
Eaton Vance Global Macro Absolute Return Advantage Fund's portfolio includes Egypt Government Bond, New Zealand Government Bond, Mexico Government Bond, Philippines Government Bond, Sri Lanka Government Bond, Peru Government Bond, Poland Government Bond and Ukraine Government Bond.
Last updated · Source: ConnectSafely investor database