PACE International Emerging Markets Equity Investments Class P (PCEMX)

Overview

The fund is designed for investors looking to diversify their investment portfolio by exploring opportunities outside the major world economies. It specifically targets equity securities with a focus on emerging market countries, which are not part of the MSCI World Index. Emerging markets can offer substantial growth potential due to their developing economies but also come with higher risk compared to established markets. The fund’s strategy is to invest at least 80% of its net assets in these markets, aiming to provide investors with a pathway to participate in the potential economic growth of these regions.

Products and Services

The fund offers a range of investment opportunities primarily in emerging markets, focusing on two main categories:

• Equity Securities

  Emphasizing the core of its investment strategy, the fund primarily invests in equity securities that are economically tied to emerging market countries. These are countries considered not to be part of the MSCI World Index and represent a diverse group of economies with varying levels of development and market volatility. This primary focus allows investors to potentially benefit from the growth dynamics and economic expansions happening outside the mature markets.

• Bonds and Securities of Other Investment Companies

  To a lesser extent, the fund diversifies its investment approach by including bonds and securities of other investment companies, such as ETFs, that invest in emerging markets. Up to 10% of the fund’s total assets may be allocated to bonds that are rated below investment grade, also known as "junk bonds". This part of the portfolio may carry a higher risk but also the potential for higher returns. The investment in ETFs and other investment companies provides further diversification, spreading risk across different asset classes within the emerging markets.