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International Equity

Parametric's International Equity is designed to efficiently capture the long-term returns of developed international equity markets while avoiding both the return risks of active management and the concentration risks of mainstream international equity indexes.

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International Equity seeks to outperform the MSCI EAFE Index over three to five years. International Equity emphasizes broad exposure with diversification among countries, economic sectors, and individual securities. Central to this investment approach are long-term strategic country and sector allocations, disciplined rebalancing, and broadly diversified individual holdings. Our transparent, repeatable process provides greater insights into your holdings.



There is no guarantee that the investment objective will be achieved. The targeted return is hypothetical and should not be relied upon to make investment decisions. The targeted return is aspirational in nature and is not based on criteria and assumptions. All investments are subject to the risk of loss. See disclosures for additional information.

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Why choose Parametric?

$572.1B+

Total firm AUM

197

Investment professionals

30+

Years of equity experience

As of 9/30/2024

Engineered and disciplined approach


Parametric believes that broadly diversifying, avoiding concentrations, and portfolio rebalancing are all key aspects to managing risk and driving thoughtful investment decisions. By diversifying at the country and sector levels, then emphasizing low-beta names within each country-sector combination, Parametric builds a portfolio designed to balance the benefits of diversification with the market conditions present in the international equity markets.

How it works


Parametric’s International Equity Strategy uses a rules-based portfolio construction approach that consists of these steps: 

We weight countries equally within tiers defined by size and liquidity constraints, reducing concentration of the largest countries and overweighting smaller ones.
Once a country target exposure is determined, we set sector target weights in each country in an attempt to move closer to an equal representation from each economic sector while taking practical liquidity considerations into account.
We screen out high-beta names within each country-sector combination in favor of low-beta combinations. The result is a broadly diversified portfolio of 800 to 1,200 names.
Over time, we systematically rebalance the portfolio, bringing exposures back in line with target weights and redeploying capital into underweight areas.

Intended benefits of International Equity

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Lower volatility

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While developed non-US equities may demonstrate heightened volatility, they do so against a backdrop of rising prices. Managing this volatility by diversifying is a key aspect of the investment philosophy. 

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Consistent exposure

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Our process reduces exposure to concentrated areas of international markets, reweighting away from large countries to create a more diversified portfolio. 

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Long-term growth capture

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Our International Equity Strategy relies on a rules-based approach, coupled with a rebalancing discipline, to reduce concentrations and emphasize diversification in pursuit of its capital appreciation objective.

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Transparent, repeatable outcomes

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Top-down portfolio construction doesn’t rely on market forecasts or behavioral biases. Our implementation focuses on disciplined rebalancing, resulting in a “buy low/sell-high” methodology.

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