Two Eaton Vance funds can now invest in Australian dollars. The Eaton Vance Limited Duration Income Fund and the Eaton Vance Short Duration Diversified Income Fund have expanded their authorized foreign currencies to add the Australian dollar.
Currently, the funds can invest without limit in foreign investments denominated in U.S. dollars. The funds can also invest up to 15% of net assets in foreign investments denominated in authorized foreign currencies, including euros, British pounds, Swiss francs and Canadian dollars.
Click here for the release from PR Newswire.