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NEPC engaged by Eaton Vance for NextShares sub-adviser search

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Eaton Vance Management (EVM) has appointed NEPC to lead a selection process to identify investment managers to sub-advise a series of new Eaton Vance-sponsored NextShares funds to be offered to retail investors and financial professionals.

The sub-advised funds will complement existing and proposed NextShares funds managed by EVM and its affiliates.
 
“Over the last 30 years, NEPC has earned its reputation of being an expert at identifying and pairing the appropriate investment manager and strategy with our clients’ needs based on a series of highly nuanced goals and objectives,” says NEPC chief investment officer Timothy McCusker. “Our firm has rich experience analysing investment philosophies across the entire global asset management spectrum and we are applying every aspect of that diverse knowledge and academic rigour to ensure that Eaton Vance works with the best partners. We’re privileged to be working with them on this initiative and to be leading the charge on such an innovative investment offering.”
 
NextShares are a new way to invest in actively managed strategies. NextShares offer the potential for benchmark-beating returns by applying their manager’s proprietary investment research. Because they trade on an exchange, NextShares may offer cost and tax efficiencies that can enhance shareholder returns. NextShares are expected to be offered by a range of well-known asset managers and across fund asset classes.
 
The first NextShares funds began trading on the Nasdaq Stock Market earlier this year.
 
“NEPC is a premier investment consultant and we are looking forward to working closely with them to identify investment strategies and investment managers that are appropriate candidates for NextShares sub-advisory relationships under EVM,” says Thomas E Faust Jr (pictured), chairman and chief executive officer of Eaton Vance. “We are focused on delivering greater value to investors by making available the benefits of NextShares across a broader range of investment strategies.”

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