International searches were up significantly in 1993, with non-EAFE searches also playing a larger role, said David C. O'Donovan, senior vice president in the Chicago office of SEI Corp.
International searches made up 28% of all SEI searches in 1993, up from 22% in 1992, he said. Given the current pace of searches so far in 1994, they will rise into the mid-30s as a percentage of all SEI searches, he said.
Most searches were done by small- and midsized plans making initial forays into overseas markets, he said. But larger plans are moving beyond traditional equity commitments - often defined by the Morgan Stanley Capital International Europe Australasia Far East Index - and getting into regional and emerging markets.