About EIGMX
Eaton Vance Global Macro Absolute Return Fund Class I is a nontraditional bond mutual fund employing a global macro absolute return strategy. Its primary objective is to deliver positive returns regardless of prevailing market conditions by taking long and short positions across various asset classes—including sovereign and corporate credit, interest rates, currencies, equities, and commodities—without being constrained by a traditional benchmark. The fund’s investment process is highly diversified and opportunistic, seeking to capitalize on macroeconomic trends, geopolitical developments, and policy shifts across global markets. Positions often include exposure to both developed and emerging markets, with recent notable allocations to local and hard currency sovereign bonds, as well as selective equity and currency trades in markets such as Egypt, Hungary, and Vietnam. Serving as a complement to traditional fixed income and equity allocations, the fund is designed to offer investors diversification and enhanced risk-adjusted return potential. It typically appeals to institutional investors due to its focus on absolute returns, experienced management, and flexible mandate. The fund is also known for its risk-aware approach, aiming to maintain moderate volatility relative to global equities and bonds, and its ability to adjust exposures dynamically in response to evolving market conditions.
Fund Family Eaton Vance
Category Nontraditional Bond
Performance Rating High
Risk Rating Below Average
Ticker Symbol EIGMX
Share Class Class I
Index ICE BofA US 3-Month T Bill TR IX
EIGMX had a total return of 11.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.27%.
