Products June 1, 2007
Calvert Launches International Fund
Socially responsible mutual fund firm Calvert has launched a new fund that seeks long term capital appreciation by investing primarily in non-U.S. small-cap and mid-cap stocks both in the developed countries and emerging markets.
Reported by Adrien Martin
According to a press release from Calvert, the investment strategy for the Calvert International Opportunities Fund begins with a top-down macro economic and strategic overview of the global economy and its regional impact, including emerging markets, to establish a desired asset allocation and determine target sector weightings.
London-based F&C Management, the sub-adviser, primarily uses bottom-up research analyzing the outlook for any particular stock being considered to uncover information or derive conclusions that are not known to the wider marketplace.
According to the press release, the fund primarily invests in the common stocks of non-U.S. small- and mid-cap companies, whose market capitalization is within the range of the Citigroup/S&P World EX-U.S. EMI Index, which was $500 million to $20 to $30 billion as of December 31, 2006.
The fund has an investment ceiling of 20% in emerging markets.
For more information visit http://www.calvert.com.
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