Parametric Announces New Factor Investing Strategies Enabling Investors to Further Customize Their Investments

SEATTLE, Oct. 14, 2015 /PRNewswire/ -- Parametric Portfolio Associates LLC ("Parametric"), a majority owned subsidiary of Eaton Vance Corp. (NYSE:EV), today announced the creation of several proprietary factor-based strategies that fit within the firm's Custom Core portfolio offerings. Investors can select strategies that maintain a systematic bias toward specific factors to enhance portfolio risk and return characteristics.

Parametric Factor Strategies are optimized to maximize selected factor exposures while reducing unintended factor, sector, and security bets. These risk factors include: dividend yield, value, quality, momentum, low volatility, as well as combinations of these factors.

"These new strategies are innovative because they allow investors to create their own customized factor portfolios," explains Rey Santodomingo, Director of Investment Strategy – Tax Managed Equities. "Advisors can adjust the level of factor exposure to match a client's unique risk profile. The desired level of factor exposure can be reached by blending it with a market index."

An added innovative feature allows for different combinations of customization to be layered on top of factor exposure – for example social screens and active tax management.

Rob Ciro, Managing Director – Product Management adds, "Parametric Factor Strategies reinforce our commitment to creating product offerings that stay true to our firm's DNA. Strongly focused on diversification, risk and tax management, these strategies reflect the continuing expansion of Parametric's Custom Core solutions, and are responsive to the way investors want to build portfolios."

About Parametric

Parametric, headquartered in Seattle, WA, is a leading global asset management firm, focused on the delivery of engineered portfolio solutions, including rules-based alpha-seeking equity, alternative and options strategies, as well as implementation services including custom core equity, futures overlay and centralized portfolio management. As of September 30, 2015, Parametric managed approximately $144.4 billion in total assets on behalf of institutions, high-net-worth individuals and fund investors in the U.S. and internationally. Parametric is a majority-owned subsidiary of Eaton Vance Corp., and its principal investment centers are located in Seattle, WA, Minneapolis, MN, and Westport, CT. For more information about Parametric, visit parametricportfolio.com.

Eaton Vance is one of the oldest investment management firms in the world, with a history dating to 1924. Eaton Vance and its affiliates managed $298.9 billion in assets as of September 30, 2015, 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 eatonvance.com.

SOURCE Parametric Portfolio Associates LLC