Equity Universe
Equity Universe | Types of Equity Universes | Definition
Emerging Markets Debt Portfolios Universe
Includes discretionary separate accounts, commingled funds, and mutual funds (gross of fees) managed for US dollar-oriented investors. Portfolios are managed against an emerging market fixed income performance benchmark (measured in US dollars). Minimum account size is US$ 10 million. Typical regions invested in include Latin America, Eastern Europe and Africa.
Currency: US dollars
Caution: Investments in emerging markets involve exposure to economic structures that are generally less diverse and mature, as well as to political systems which can be expected to have less stability, than those of more developed countries.
Emerging Markets Equity Mutual Funds Universe
These funds are composed of equity-oriented portfolios with a globally diversified emerging market orientation. Regional and country fund portfolios are specifically excluded. All returns are net of fees. Fund data, investment objectives, and style definitions are provided by Morningstar. Although data are gathered from reliable sources, accuracy and completeness cannot be guaranteed.
Funds are selected using the following criteria:
Caution: Investments in emerging markets involve exposure to economic structures that are generally less diverse and mature, as well as to political systems which can be expected to have less stability, than those of more developed countries.
Emerging Markets Equity Portfolios Universe
Composed of fully discretionary, equity-oriented portfolios with a globally diversified emerging market orientation. Typical countries would include Argentina, Brazil, Chile, Mexico, Venezuela, Thailand, India, Korea, Taiwan, Indonesia, Philippines, Greece, Portugal, Turkey, and Jordan. Regional and country fund portfolios are specifically excluded. Includes portfolios managed for global investors. Returns included must be total fund returns.
Currency: Multiple currencies
Caution: Investments in emerging markets involve exposure to economic structures that are generally less diverse and mature, as well as to political systems which can be expected to have less stability, than those of more developed countries.
Emerging Markets Equity Portfolios Universe
Composed of fully discretionary, equity-oriented portfolios with a globally diversified emerging market orientation. Typical countries would include Argentina, Brazil, Chile, Mexico, Venezuela, Thailand, India, Korea, Taiwan, Indonesia, Philippines, Greece, Portugal, Turkey, and Jordan. Regional and country fund portfolios are specifically excluded. Includes portfolios managed for global investors. Returns included must be total fund returns.
Currency: Multiple currencies
Caution: Investments in emerging markets involve exposure to economic structures that are generally less diverse and mature, as well as to political systems which can be expected to have less stability, than those of more developed countries.
Emerging Markets Equity Portfolios Universe
Composed of fully discretionary, equity-oriented portfolios with a globally diversified emerging market orientation. Typical countries would include Argentina, Brazil, Chile, Mexico, Venezuela, Thailand, India, Korea, Taiwan, Indonesia, Philippines, Greece, Portugal, Turkey, and Jordan. Regional and country fund portfolios are specifically excluded. Includes portfolios managed for global investors. Returns included must be total fund returns.
Currency: Multiple currencies
Caution: Investments in emerging markets involve exposure to economic structures that are generally less diverse and mature, as well as to political systems which can be expected to have less stability, than those of more developed countries.
Equity Oriented Separate Accounts Universe
Consists of investment advisor, bank, and insurance company portfolios. These are equity-oriented, separately managed, fully discretionary, tax-free portfolios with a minimum size of $5 million. Employee benefit accounts are preferred. An equity-oriented portfolio has the discretion to go to 100% in common stocks; the account may have large cash balances at times, and bonds may be used when they are considered attractive alternatives to equities.
Equity Pooled Accounts Universe
Consists of tax-free, fully discretionary, equity pooled accounts for banks, insurance companies, and investment advisors. Portfolio size must be at least $5 million. Pooled accounts are included from investment advisors if the advisor is (1) organized as a trust company or (2) registered as an investment company acting as an advisor to a bank. Mutual funds can be included if they are gross of fees.
For over 1,000 additional terms and definitions please see our Investment Glossary Guide.
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Tags: Equity Universe, Types of Equity Universes, Equity Universe Definition, Emerging Market Equity Universe, Emerging Market Debt Equity Universe, Equity Oriented Accounts, Equity Accounts
