Investments

Parametric launches Dividend Income Fund

Parametric Portfolio Associates has launched the Parametric Dividend Income Fund.

Eaton Vance Management is the fund's investment adviser and Parametric serves as the fund's sub-adviser. 
 
The fund is co-managed by David M Stein, chief investment officer of Parametric, and Thomas Seto, managing director, portfolio management.
 
In managing the fund, the portfolio managers employ a top-down, disciplined and systematic investment process that emphasises a diversified portfolio of quality companies that have historically demonstrated high current income and lower levels of stock price volatility on a sector relative basis. 
 
To achieve broad diversification, each industry sector generally receives an equal weight. The top ranked securities within each sector based on the sub-adviser's yield and volatility screening are also generally equal weighted.
 
The portfolio may be rebalanced on a periodic basis to maintain diversification, and is reconstituted on an annual basis.
 
"We are excited to offer a new strategy that provides clients with a diversified equity income strategy," says Parametric chief executive officer, Brian Langstraat. "The strategy emphasises durable dividend payers while avoiding the potential consequences of sector concentrations."

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