Morgan Stanley launches emerging markets fund

Morgan Stanley launches emerging markets fund

Morgan Stanley investment management has launched a global emerging markets fund aimed at UK advisers.

The Morgan Stanley Developing Opportunity Fund will have a maximum initial charge of 3 per cent, and an annual management charge of 0.8 per cent.

Managed by Kristian Heugh and the global opportunity team the fund will invest in a relatively concentrated number of companies in emerging markets, and cited China, Brazil and India as countries of particular interest.

The fund will include Environmental Sustainable and Governance (ESG) considerations as part of the investment criteria.

Richard Lockwood, managing director and head of sales for northern Europe, said: “We are excited to bring the Developing Opportunity Fund to our clients in the UK, Kristian and his team are truly active managers with a fantastic track record in their flagship product, Global Opportunity.

"In an environment where investors are having to navigate increasing amounts of products, both active and passive, it has never been so important to provide them with clear ideas and solutions that help to address their investment need.”

Tom Sparke, investment director at GDIM, a discretionary fund management firm in Cambridge, said: “I generally prefer high conviction funds with a high active share and this certainly seems like one of those. 

"It seems like the fund has a mix of quality and growth characteristics, which could provide a potent mix of assets.

"The track record of the team is very impressive and has outperformed the Global sector and international equity markets by a substantial distance so it is exciting to see how this fund may perform.”

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