Fact sheet: Morg Stnly Asian Property

Fund information
Fund name
Morg Stnly Asian Property I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Desmond Foongsince 31/03/2015
  • Ted Bigmansince 31/08/1997
  • Angeline Hosince 31/08/1997
Fund objective
Seeks long term capital appreciation, measured in U.S. dollars, through investment in the equity securities of companies in the real estate industry located throughout Asia and Oceania.
Benchmark
  • FTSE EPRA / NAREIT Asian Real Estate
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3.4%
1 Year rank in sector
3/8
Sector
FO Property - Asia
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.
0.98%
Fund size
£166m (£216m 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.
113
Top in this sector
Fund name1 Year
LLB B&I Pan-Asian TotlRet RlEst Sec11.2%
Fidelity Asia Pac Prop4.3%
Morg Stnly Asian Property3.4%
Parvest REstSecPac2.2%
Schroder ISFAsPacCitRlEst2%
...more in FO Property - Asia

Performance snapshot

Holdings snapshot

  • Japan41%
    Hong Kong36.2%
    Australia18.3%
    Singapore3.5%
    China1.3%
  • Others60.6%
    Retail15.2%
    Offices - Property14.9%
    Industrials6.7%
    Residential - Property1.4%
  • Property Shares97.6%
    Money Market2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-4.5%2.9%3.4%-4.1%37.6%
Sector-3.1%-4.7%1.1%3.7%0.1%29.7%
Rank within sector5 / 83 / 83 / 83 / 87 / 85 / 7
Quartile3rd2nd2nd2nd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.5%-6.7%-1.5%3.2%47.8%
Sector5%-6.1%2.9%-3.2%38.5%
Rank within sector5 / 86 / 87 / 83 / 71 / 7
Quartile3rd3rd4th2nd1st
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.
-1.1
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.
1.09
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.
-0.01
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%.
13.01
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.
3.86
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.
-0.32
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.
0.92
Price movement
52 week high22.25
52 week low17.31
Current bid price-
Current offer price-
Current mid price20.74
Region
1Japan40.96%
2Hong Kong36.2%
3Australia18.3%
4Singapore3.55%
5China1.26%
6Money Market-0.27%
Industry sector
1Others60.57%
2Retail15.22%
3Offices - Property14.94%
4Industrials6.73%
5Residential - Property1.4%
6Industrial - Property0.97%
7Leisure & Hotels0.43%
8Cash & Cash Equivalents-0.27%
Asset type
1Property Shares97.58%
2Money Market2.42%
Individual holdings
1MITSUBISHI ESTATE CO8.6%
2SUN HUNG KAI PROPERTIES LTD7.94%
3MITSUI FUDOSAN7.91%
4HONG KONG LAND HLDGS7.3%
5SCENTRE GROUP STAPLED (3UT 1ORD)4.43%
6WESTFIELD GROUP4.32%
7SWIRE PROPERTIES LTD4.14%
8CHEUNG KONG PROPERTY HOLDINGS LTD COMMON STOCK HKD4.1%
9SUMITOMO REALTY & DEVELOPMENT CO3.87%
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks long term capital appreciation, measured in U.S. dollars, through investment in the equity securities of companies in the real estate industry located throughout Asia and Oceania.
Benchmark
  • FTSE EPRA / NAREIT Asian Real Estate
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Desmond Foong31/03/2015
Ted Bigman31/08/1997Ted joined Morgan Stanley in 1995 and has 26 years of investment experience. He is a Managing Director at Morgan Stanley Investment Management and is the Head of Global Real Estate Securities Investing. Ted is the portfolio manager for the U.S. and global real estate securities portfolios and oversees the global team, which has investment teams in New York, Amsterdam and Singapore. Ted is also the lead portfolio manager for the Global Infrastructure Securities strategy. The teams have over $20 billion of assets under management in these strategies. Prior to joining the Firm in 1995, he was a Director at CS First Boston, where he worked for eight years in the real estate investment banking group. He established and managed the REIT effort at CS First Boston, and had primary responsibility for $2.5 billion of REIT initial public offerings. Ted also worked at Bain & Company as an Associate Consultant for two years. Ted received a B.A. from Brandeis University in Economics and an M.B.A. from Harvard Business School and studied at the London School of Economics. He was the 2011 recipient of the Industry Achievement Award from the National Association of Real Estate Investment Trusts, the leading REIT industry group, for his approach to securities research on listed real estate companies, which has been influential in making REITs a standard component of institutional real estate portfolios.
Angeline Ho31/08/1997Angeline Ho, Vice President, joined Morgan Stanley in 1997 and has 13 years of investment experience. She is a Portfolio Manager focusing on Asian Real Estate markets and securities. Prior to joining the Firm, she was a research manager at SG Securities and a senior research analyst at Schroder Securities. Previously, she was a research analyst at BZW Securities and an appraiser and a consultant at Debenham Tewson International. Angeline received a BSc with honors from the National University of Singapore in Estate Management and a MBA from the Nanyang Technological University in Accountancy.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Morg Stnly Asian Property A USD
Initial charge5.75%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price18.17
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF73
Morg Stnly Asian Property A USD EUR
Initial charge5.75%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price17.06
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF74
Morg Stnly Asian Property B USD
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price15.71
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF75
Morg Stnly Asian Property B USD EUR
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price14.75
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF76
Morg Stnly Asian Property F USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price26.51
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0CT
Morg Stnly Asian Property F USD EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price24.89
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE0CU
Morg Stnly Asian Property I USD
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price20.74
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeWF77
Morg Stnly Asian Property I USD EUR
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price19.48
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeWF78
Morg Stnly Asian Property IX USD
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price17.54
CurrencyUSD
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEL42
Morg Stnly Asian Property IX USD EUR
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price16.47
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFXC3
Morg Stnly Asian Property IX USD GBP
Initial charge3%
Annual charge0.75%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price13.87
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEL41
Morg Stnly Asian Property Z USD
Initial charge1%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price32.05
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDOW9
Morg Stnly Asian Property Z USD EUR
Initial charge1%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price30.09
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDOW8
Morg Stnly Asian Property Z USD GBP
Initial charge1%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price25.34
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0P5L
Data provided by

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