PT - JOURNAL ARTICLE AU - Mark L. Paris AU - Vivekananda L. Sondhi TI - GeoExposure: <em>Understanding European Managers’ Emerging Market Positioning</em> AID - 10.3905/jii.2013.4.3.110 DP - 2013 Nov 30 TA - The Journal of Index Investing PG - 110--114 VI - 4 IP - 3 4099 - https://pm-research.com/content/4/3/110.short 4100 - https://pm-research.com/content/4/3/110.full AB - It is important for investors to assess both their direct and indirect exposures to geographical regions. Even if investment managers are constrained to stocks in the developed markets, they also may have significant exposure to other regions, including emerging markets. An analysis of a company’s revenue sources can help reveal indirect emerging market exposure. In this article, we analyze a universe of Large Cap European equity managers and, through a lens of EM revenue exposure, examine the size, value, forecast growth, and historical performance of their portfolios. We find that, for the period September 2008 through December 2012, managers separated into terciles by percent of EM revenue have noticeable differences in the aforementioned exposures and performance.TOPICS: Portfolio construction, emerging