Fact sheet: Morg Stnly European Eq Alpha

Fund information
Fund name
Morg Stnly European Equity Alpha A EUR
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Jonathan Daysince 30/12/2006
  • Riccardo Bindisince 30/12/2006
  • Jaymeen Patelsince 30/12/2006
  • Matthew Leemansince 30/12/2006
Fund objective
Seeks long-term capital growth, measured in euro, through investment primarily in a concentrated portfolio of equity securities of companies listed on European stock exchanges. Investments will be sought in equity securities that the Company believes to have the highest potential for long term capital appreciation based primarily on fundamental market factors and stock specific research.
Benchmark
  • MSCI Europe (Net) Index
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
-7%
1 Year rank in sector
140/227
Sector
FO Equity - Europe inc UK
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.
1.5%
Fund size
£603m (£1,100m 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.
101
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European22.1%
GS Eur CORE Eq Portfolio18.5%
JOHCM European Sel Val14.8%
Mirabaud Eqts PanEur SmllMid13.5%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK30.6%
    Switzerland16.8%
    France16.1%
    Netherlands12.6%
    Germany12.5%
  • Pharmaceuticals12.9%
    Insurance7.7%
    Banks7.6%
    Tobacco7.1%
    Oil & Gas6.8%
  • UK Equities30.6%
    Swiss Equities16.8%
    French Equities16.1%
    Dutch Equities12.6%
    German Equities12.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.9%-2.9%-2.2%-7%5.1%43.8%
Sector2.5%-2.6%-1.3%-5.8%13.6%56.3%
Rank within sector56 / 233135 / 234158 / 232140 / 227172 / 200145 / 175
Quartile1st3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-6.1%4.6%2.9%22.4%14.9%
Sector-5.2%11.1%4.2%21.1%17.6%
Rank within sector140 / 228178 / 213140 / 20085 / 188152 / 177
Quartile3rd4th3rd2nd4th
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.
-2.68
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.
1.06
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
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%.
13.42
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.
3.68
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.
-0.7
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.
0.93
Price movement
52 week high43.75
52 week low36.07
Current bid price-
Current offer price-
Current mid price40.2
Region
1UK30.63%
2Switzerland16.76%
3France16.06%
4Netherlands12.6%
5Germany12.51%
6Spain2.7%
7Ireland2.55%
8Denmark2.44%
9Sweden1.48%
Industry sector
1Pharmaceuticals12.94%
2Insurance7.71%
3Banks7.63%
4Tobacco7.08%
5Oil & Gas6.79%
6Foods5.28%
7Telecommunications Utilities3.85%
8Household Goods3.24%
9Conglomerates3.07%
Asset type
1UK Equities30.63%
2Swiss Equities16.76%
3French Equities16.06%
4Dutch Equities12.6%
5German Equities12.51%
6Spanish Equities2.7%
7Irish Equities2.55%
8Danish Equities2.44%
9Swedish Equities1.48%
Individual holdings
1NESTLE SA5.28%
2BRITISH AMERICAN TOBACCO4.18%
3ROCHE HLDG AG3.98%
4NOVARTIS AG3.9%
5BP3.6%
6RECKITT BENCKISER GROUP PLC3.24%
7ROYAL DUTCH SHELL3.19%
8SIEMENS AG3.07%
9VODAFONE GROUP3.04%
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks long-term capital growth, measured in euro, through investment primarily in a concentrated portfolio of equity securities of companies listed on European stock exchanges. Investments will be sought in equity securities that the Company believes to have the highest potential for long term capital appreciation based primarily on fundamental market factors and stock specific research.
Benchmark
  • MSCI Europe (Net) Index
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jonathan Day30/12/2006Jonathan is a portfolio manager for the European Equity strategies. He joined Morgan Stanley in 2006 and has 15 years of investment experience. Prior to joining the firm, Jonathan was a European equity portfolio manager at Société Générale Asset Management. Prior to that, he was a fund manager on the European desk at Morgan Stanley Quilter, responsible for Europe ex-UK and UK Balanced accounts. Jonathan holds the ASIP designation and is an associate member of the CFA Institute.
Riccardo Bindi30/12/2006Riccardo is a portfolio manager for the European Equity strategies. He joined Morgan Stanley in 2006 and has 18 years investment experience. Prior to joining the firm, Riccardo was a European equity portfolio manager at Société Générale Asset Management. Prior to that, Riccardo was at Lombard Odier Darier Hentsch where he was responsible for European small/mid cap equities. Riccardo received a B.Sc. in economics from the University of Bath and an M.Sc. in economics from the University of London. He also holds the Chartered Financial Analyst designation and is a member of UKSIP and the CFA Institute.
Jaymeen Patel30/12/2006Jaymeen is a member of the European Equity team and specializes in the telecoms and consumer sectors. He joined Morgan Stanley in 1998 and has 13 years of industry experience. Prior to joining the firm, he held positions at Fidelity Investments, State Street Bank and Trust Company and Salomon Brothers Asset Management. Jaymeen received a double honours B.Eng. and B.Comm. with language from the University of Birmingham, and an M.B.A. from the University of Warwick.
Matthew Leeman30/12/2006Matthew is head of the European Equity team. He joined Morgan Stanley in 2006 and has 18 years investment experience. Prior to joining the firm, Matthew was a director at Société Générale Asset Management where he managed Pan European, Europe Ex-U.K. and Eurozone equity strategies. Previously, Matthew was a partner in Mont Blanc, a European hedge fund. Before that, he was a senior fund manager on the European desk at Lombard Odier Darier Hentsch where he was responsible for their largest institutional clients. Matthew received a B.A. in modern languages (French and German) from King's College, London, and an M.A. in European Management from Cranfield Business School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Morg Stnly European Equity Alpha A EUR
Initial charge5.75%
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 price40.2
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF92
Morg Stnly European Equity Alpha A EUR USD
Initial charge5.75%
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 price43.15
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM91
Morg Stnly European Equity Alpha AH USD
Initial charge5.75%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price29.7
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8XA
Morg Stnly European Equity Alpha AR EUR
Initial charge5.75%
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 price22.98
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHWS
Morg Stnly European Equity Alpha AR EUR USD
Initial charge5.75%
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 price24.67
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHWT
Morg Stnly European Equity Alpha B EUR
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price33.11
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWF93
Morg Stnly European Equity Alpha B EUR USD
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price35.54
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM92
Morg Stnly European Equity Alpha BR EUR
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price22.39
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHWU
Morg Stnly European Equity Alpha BR EUR USD
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price24.03
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHWV
Morg Stnly European Equity Alpha C EUR
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price33.73
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPA5
Morg Stnly European Equity Alpha C EUR USD
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price36.2
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPA6
Morg Stnly European Equity Alpha CR EUR
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price22.57
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHWW
Morg Stnly European Equity Alpha CR EUR USD
Initial charge-
Annual charge1.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.2%
Total expense ratio (TER)2.2%
Bid price-
Offer price-
Mid price24.23
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFHWX
Morg Stnly European Equity Alpha I EUR
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price45.19
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM05
Morg Stnly European Equity Alpha I EUR USD
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price48.51
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM93
Morg Stnly European Equity Alpha IH USD
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price25.58
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHRD
Morg Stnly European Equity Alpha Z EUR
Initial charge1%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price38.16
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPA7
Morg Stnly European Equity Alpha Z EUR USD
Initial charge1%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price40.96
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPA8
Morg Stnly European Equity Alpha Z GBP
Initial charge1%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price27.82
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBDC
Data provided by

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