The Eaton Vance Large Cap Value (EHSTX) charges 1% per year and has lagged the iShares S&P 500 Value ETF (NYSEArca: IVE), which charges just 0.18%, over the past three years, according to S&P Capital IQ.
“Both EAASX and EHSTX have significantly smaller asset bases today than they did in 2011 as the firm has seen multiple periods of outflows, including $4 billion in the three quarters ended July 2014 (latest available). We believe that if and when Eaton Vance launches ETMF versions of their existing popular mutual funds it will be a positive for existing shareholders that believe in Eaton Vance’s active management,” said the research firm. “However, we think existing ETF investors are unlikely to view favorably the lack of transparency and the recent track record of Eaton Vance’s active management in contrast to their existing positions.”
Dating back to the start of 2013, Eaton Vance’s shares, even with today’s surge, have lagged those of rival asset managers that are also among the largest U.S. ETF issuers.
