The International Equity Index investment strategy seeks a favorable long-term total return by investing in a portfolio of foreign equity investments based on the MSCI EAFE Index. It seeks to track the stock markets in 21 developed nations in Europe, Australia, and the Far East that are included in the MSCI EAFE Index.
The International Equity Index investment strategy attempts to replicate the MSCI EAFE Index using a proprietary quantitative process that closely matches the overall investment characteristics of the index. The investment process takes into account access to cash flow, trading activity, and corporate actions in order to maintain portfolios in line with benchmark.
In addition, the portfolio management team employs proprietary optimizing techniques to evaluate and control portfolio risk, with a goal of maintaining portfolio-tracking error within very close range of the index, while effectively managing trading costs and other portfolio expenses.
International Equity Index portfolios are subject to certain risks such as market and investment style risk. Investing in non-U.S. markets involves certain additional risks, including currency fluctuations and controls, restrictions on foreign investments, less governmental supervision and regulation, less liquidity, and the potential for market volatility and political instability.
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