Our Broad Global Active strategy is EMM's core strategy. This strategy is designed for clients looking to actively invest in emerging markets and to take full advantage of the firm's country allocation model, as well as the analysis and experience of our investment team.

In this strategy:

• Top-down country allocation is combined with bottom-up stock selection to create an optimal target portfolio.
  
  
• Our quantitative country allocation model is used as a navigational instrument to help determine country allocation. Countries are over or underweighted relative to a client's benchmark based on the quantitative output from the model coupled with the qualitative "judgmental overlay" of our Chief Investment Officer. The judgmental overlay takes factors not easily modeled into account including politics, structural policy changes, macro-economic imbalances and interest rate momentum.
  
  
• Our team of portfolio managers and analysts select stocks from the bottom-up to meet country targets. The stock selection process is rigorous, systematic and value-oriented. We conduct numerous company visits throughout the world and utilize our proprietary database and earnings forecasts to compare stocks. EMM's Investment Committee reviews and approves all stocks included in the Broad Global Active portfolios, generally prior to first purchase.
  
  
• Frontier markets and smaller stocks are included in the investment universe in order to capitalize on market inefficiencies.
  
  
• Portfolios are designed to outperform a requisite benchmark while keeping within client guidelines.