Eaton Vance Launches Four Equity Funds Sub-Advised by Hexavest Inc.

BOSTON, Sept. 4, 2012 /PRNewswire/ -- Eaton Vance Management, a subsidiary of Eaton Vance Corp. (NYSE: EV), today announced the launch of four new Eaton Vance-sponsored mutual funds sub-advised by Hexavest Inc., a Montreal-based investment manager in which Eaton Vance recently acquired a 49 percent ownership interest.  The four Funds are:

  Eaton Vance Hexavest Emerging Markets Equity Fund (Class A: EHEAX, Class I: EHEIX)

  Eaton Vance Hexavest Global Equity Fund (Class A: EHGAX, Class I: EHGIX)

  Eaton Vance Hexavest International Equity Fund (Class A: EHIAX, Class I: EHIIX)

  Eaton Vance Hexavest U.S. Equity Fund (Class A: EHUAX, Class I: EHUIX)

Each Fund seeks to achieve long-term capital appreciation by employing a predominately top-down investment style that incorporates proprietary fundamental research and quantitative models.  Portfolio allocations are based primarily on Hexavest's analysis of the macroeconomic environment, valuations of markets and the sentiment of investors.  Under normal market conditions, each Fund will invest at least 80 percent of its net assets in equity securities of the targeted geographic region.  The Funds are managed by a team of Hexavest investment professionals led by Vital Proulx, President and Chief Investment Officer.

"By working collaboratively with Eaton Vance, we are able to introduce U.S investors to what we believe is a unique investment management approach that leverages research, analysis and quantitative tools," said Mr. Proulx.

"The launch of these new strategies provides access to a broad range of equity solutions tailored to meet specific investment needs," said Eaton Vance Chief Equity Investment Officer Duncan W. Richardson. "The Hexavest team has worked together for more than 20 years and has a proven track record of global equity investing." 

Based in Montreal, Hexavest Inc. provides discretionary management of equity and tactical asset allocation strategies to institutions in Canada, the United States, Europe and the Asia Pacific region. As of July 31, 2012, Hexavest managed $10.8 billion of client assets invested primarily in global and global ex-U.S. equity mandates. Hexavest was founded in 2004 and utilizes an investment approach that has been consistently applied since 1991. For more information about Hexavest, visit www.hexavest.com.

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 $192.9 billion in assets as of July 31, 2012, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information about Eaton Vance, visit www.eatonvance.com.

Primary Eaton Vance Hexavest Emerging Markets Equity Fund, Eaton Vance Hexavest Global Equity Fund, Eaton Vance Hexavest International Equity Fund and Eaton Vance Hexavest U.S. Equity Fund Risks: Fund share values are sensitive to stock market volatility. Derivatives 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. 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. 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.

Mutual fund shares are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Shares are subject to investment risks, including possible loss of principal invested.

Mutual funds are distributed by Eaton Vance Distributors, Inc., Two International Place, Boston, MA 02110. Eaton Vance Distributors, Inc.  Member FINRA/SIPC.

SOURCE Eaton Vance Management