Fact sheet: Morg Stnly As Fix Inc Op

Fund information
Fund name
Morg Stnly Asian Fixed Income Opportunities I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Michael Kushmasince 27/02/2015
  • Eric Baurmeistersince 27/02/2015
  • Warren Marsince 27/02/2015
  • Jens Nystedtsince 27/02/2015
Fund objective
Seeks to provide an attractive level of total return, measured in U.S. dollars, by investing primarily in the securities of corporate, government and government related issuers domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan, across a spectrum of fixed income asset classes; including high yield bonds, investment-grade bonds, convertibles and currencies.
Benchmark
  • JP Morgan Asia Credit Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.8%
1 Year rank in sector
9/42
Sector
FO Fixed Int - USD
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.83%
Fund size
£11m (£11m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
74
Top in this sector
Fund name1 Year
CG Dollar24.8%
Nordea 1 US Tot Ret Bd21.4%
Ashmore Emg Mkt Sovrn Dbt17.1%
Nordea 1 Emrg Mkt Bd14.7%
CG Gearing Portfolio12.6%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%3%5.8%9.8%--
Sector0.1%2.8%4.6%5.8%10.3%17.9%
Rank within sector19 / 4312 / 4311 / 429 / 42--
Quartile2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund8.9%----
Sector6.2%-0.5%3.4%0%6.8%
Rank within sector11 / 42----
Quartile2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high27.24
52 week low24.42
Current bid price-
Current offer price-
Current mid price27.18
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks to provide an attractive level of total return, measured in U.S. dollars, by investing primarily in the securities of corporate, government and government related issuers domiciled in, or exercising the predominant part of their economic activity in, Asia, excluding Japan, across a spectrum of fixed income asset classes; including high yield bonds, investment-grade bonds, convertibles and currencies.
Benchmark
  • JP Morgan Asia Credit Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Kushma27/02/2015Michael Kushma has over 25 years of investment experience; he joined the firm in 1987. Previously, he was a global fixed income strategist for the firm's Fixed Income Division. Prior to joining the firm, he was a senior lecturer of economics at Columbia University. Michael received an A.B. in economics from Princeton University; an M.Sc. in economics from the London School of Economics and a M.Phil. in economics from Columbia University.
Eric Baurmeister27/02/2015Eric is a member of the Fixed Income team. He joined Morgan Stanley in 1997 and has 16 years of investment experience. Prior to joining the firm, Eric was an associate at Citicorp and a portfolio manager at MIMCO. He received a B.A. in economics and government from Cornell University and holds the Chartered Financial Analyst designation. Eric is a member of the New York Society of Security Analysts and the JPMorgan EMBI Index Advisory Committee.
Warren Mar27/02/2015Experience: Portfolio Manager, Head: Corporate Debt Strategy Morgan Stanley Investment Management : September 2012 –Present (7 months) Managing Director J.P. Morgan : 2004 – August 2012 (8 years) Investment Manager, Research & Strategy Investment New Zealand : 2002 – 2004 (2 years) Director BNP Paribas : 1995 – 2001 (6 years) Education: University of Auckland Bachelor of Commerce, Economics : 1984 –1986
Jens Nystedt27/02/2015
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly Asian Fixed Income Opportunities A USD
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price26.9
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6U
Morg Stnly Asian Fixed Income Opportunities A USD EUR
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price23.91
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFS6T
Morg Stnly Asian Fixed Income Opportunities AX USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price25.57
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFS6W
Morg Stnly Asian Fixed Income Opportunities AX USD EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price22.73
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFS6V
Morg Stnly Asian Fixed Income Opportunities I USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price27.18
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS6Y
Morg Stnly Asian Fixed Income Opportunities I USD EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price24.16
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS6X
Morg Stnly Asian Fixed Income Opportunities IX USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price25.61
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFS7A
Morg Stnly Asian Fixed Income Opportunities IX USD EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price22.76
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFS6Z
Morg Stnly Asian Fixed Income Opportunities Z USD
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price27.2
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7C
Morg Stnly Asian Fixed Income Opportunities Z USD EUR
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price24.18
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7B
Morg Stnly Asian Fixed Income Opportunities ZX USD
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price25.61
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFS7E
Morg Stnly Asian Fixed Income Opportunities ZX USD EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price22.76
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFS7D
Data provided by

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