SEATTLE, Sept. 27, 2013 /PRNewswire/ -- Parametric Portfolio Associates LLC ("Parametric"), a subsidiary of Eaton Vance Corp. (NYSE:EV), today announced the launch of Parametric Emerging Markets Core Fund (Investor Class: EAPEX; Institutional Class: EIPEX). Eaton Vance Management is the Fund's investment adviser and Parametric serves as the Fund's sub-adviser. The Fund employs a top-down, disciplined and systematic investment process that emphasizes broad exposure and diversification among emerging market countries, economic sectors and issuers. The Fund is co-managed by David M. Stein, Ph.D., Chief Investment Officer of Parametric, and Thomas Seto, Managing Director, Portfolio Management. The managers select and allocate the Fund's investments across emerging market countries based on factors such as size, liquidity, level of economic development, and local economic diversification. Relative to capitalization-weighted emerging market indexes, Parametric's approach to country allocation emphasizes smaller, less represented countries and reduces exposure to the largest emerging market economies. The Fund's country allocations are rebalanced to target weights when they exceed pre-determined thresholds. Within each country, the Fund seeks to maintain exposure across key economic sectors. "We are pleased to expand the range of Parametric's systematic, rules-based emerging market equity strategies that are available to mutual fund investors," said Parametric Chief Executive Officer Brian Langstraat. "Different from the established Parametric Emerging Markets Fund and Parametric Tax-Managed Emerging Markets Fund, the Fund does not expect to maintain significant investments in frontier markets." Parametric, a majority owned affiliate of Eaton Vance Corp., focuses on the delivery of engineered portfolio solutions, including rules-based alpha-seeking equity, alternative and options strategies, as well as implementation services including tax-managed core equity, futures overlay and centralized portfolio management. As of July 31, 2013, Parametric managed approximately $107.2 billion in total assets on behalf of institutions, high-net-worth individuals and fund investors in the U.S. and internationally. Parametric principal investment centers are in Seattle, Minneapolis, and Westport, Connecticut. For more information about Parametric, visit parametricportfolio.com Eaton Vance is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $268.8 billion in assets as of July 31, 2013, 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. Primary Risks: Fund share values are sensitive to stock market volatility. 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 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 objective, 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.The Fund is distributed by Eaton Vance Distributors, Inc., Two International Place, Boston, MA 02110. Member FINRA/SIPC. SOURCE Eaton Vance Corp.