Boston, Massachusetts-headquartered Eaton Vance Management is introducing its tax-managed value fund. This is the fourth tax-managed equity mutual fund available through the firm. Investors may purchase A, B, and C class shares immediately.

The fund's goals are long-term, after-tax returns. It will accomplish this by investing in a portfolio of value stocks of well-established companies. Further, these stocks must be considered inexpensive in relation to the rest of the market.

The fund will be managed by Michael R. Mach. Prior to this move, he had served at Robertson Stephens as managing director and senior analyst.

"Given that approximately 50% of all equity fund assets are not held in tax-deferred qualified plans, the demand for funds that actively manage for after-tax returns is significant. With the addition of this fund to the firm's existing family of mutual funds designed for people who pay taxes, we further enable investors to avail themselves of a diversified group of funds that all take into consideration the tax implications of portfolio activity, stated James B. Hawkes, chairman and ceo. 

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