- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 787 Seventh Avenue New York NY United States of America 10019
- IPO Date
- Jan 17, 2001
- Business
- PACE International Equity Investments Class Y (PWIYX) is an open-end mutual fund that seeks capital appreciation by investing primarily in equity securities of companies domiciled in developed foreign markets outside the United States, principally traded on exchanges in Japan, Europe, the Pacific region, and the United Kingdom; the fund normally allocates at least 80% of its net assets plus any borrowings for investment purposes to such international equities across large-cap blend styles, with significant exposure to sectors including industrials, technology, financial services, healthcare, and consumer defensive, as well as key regions such as the Eurozone, Japan, United Kingdom, and developed Asia. PACE International Equity Investments operates as a series of PACE Select Advisors Trust, managed by UBS Asset Management (Americas) LLC, which oversees sub-advisors and provides investment advisory services; the fund offers multiple share classes including Class Y (PWIYX) with a net expense ratio around 0.85%, targeting institutional and qualified investors with low minimum investments. Headquartered in Chicago, Illinois, as part of the broader PACE Select Funds family under UBS Asset Management, the fund provides diversified access to non-U.S. developed market equities for investors seeking growth through foreign large-blend strategies.
Recent developments include ongoing portfolio management by a team of sub-advisors such as Mondrian Investment Partners and others under UBS oversight, with no major publicly reported acquisitions, funding rounds, or strategic shifts specific to this fund in the last 1-2 years; the fund maintains stable operations within the PACE Select Advisors Trust structure, focusing on disciplined asset allocation and sub-advisor selection amid broader UBS Asset Management enhancements to its mutual fund platform. Top holdings as of recent reports feature companies like Lloyds Banking Group plc, Allianz SE, Sony Group Corp, Banco Santander SA, and Enel SpA, representing approximately 11% of the portfolio, underscoring its blend of financial services, technology, and utilities exposure in Europe and Asia. The fund's total net assets exceed $746 million across share classes, with daily pricing and availability primarily in the United States.