Emerging Markets Small Cap
The emerging markets strategy may invest in securities of issuers in countries with emerging economies and with small market capitalizations. The portfolio is comprised of companies that we believe demonstrate sustainable growth trajectories and trade at attractive valuations. The strategy consists of 50 to 80 equity securities from the MSCI Emerging and Frontier Markets. As of December 31, 2016, the strategy’s average market capitalization was $1.9 Billion.