Fact sheet: Morg Stnly European Prop

Fund information
Fund name
Morg Stnly European Property I EUR
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Sven Van Kemenadesince 31/08/1997
  • Ted Bigmansince 31/08/1997
  • Michiel te Paskesince 31/08/1997
Fund objective
Seeks to provide long term capital appreciation, measured in euro, through investment in the equity securities of companies in the European real estate industry.
Benchmark
  • GPR General Quoted Europe
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-16.7%
1 Year rank in sector
27/29
Sector
FO Property - Europe
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
£455m (£375m 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.
97
Top in this sector
Fund name1 Year
Curzon Cap Poland Gear Gth Cell12.3%
Darwin Lesr Prop11.3%
Castle Trust GrtLoGrHo5Yr11.1%
Castle Trust GrtLonFouHo10Yr11.1%
Castle Trust UKFounHo10Yr8.9%
...more in FO Property - Europe

Performance snapshot

Holdings snapshot

  • UK34.9%
    France22.9%
    Germany7.4%
    Netherlands5.4%
    Ireland5.1%
  • Others37.4%
    Retail31.9%
    Offices - Property19.3%
    Residential - Property8.6%
    Industrials1.6%
  • Property Shares98.7%
    Money Market1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-11.4%-11.3%-16.7%28.5%83.8%
Sector-0.8%-4.5%-2.7%-0.8%18%27.2%
Rank within sector15 / 2023 / 2727 / 2927 / 2911 / 197 / 16
Quartile3rd4th4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-12.4%17.8%25.1%9.6%29.6%
Sector-0.2%7.4%9.7%4%3.9%
Rank within sector26 / 2710 / 236 / 2111 / 202 / 18
Quartile4th2nd2nd3rd1st
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.
-8.17
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.
3.1
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.
0.37
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%.
15.79
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.
11.41
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.
0.27
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.
0.86
Price movement
52 week high42.14
52 week low34.49
Current bid price-
Current offer price-
Current mid price35.12
Region
1UK34.89%
2France22.86%
3Germany7.45%
4Netherlands5.35%
5Ireland5.12%
6Sweden4.98%
7Norway4.48%
8Switzerland4.42%
9Finland3.86%
Industry sector
1Others37.39%
2Retail31.9%
3Offices - Property19.34%
4Residential - Property8.55%
5Industrials1.57%
6Cash & Cash Equivalents1.24%
Asset type
1Property Shares98.75%
2Money Market1.25%
Individual holdings
1UNIBAIL-RODAMCO7.94%
2LAND SECURITIES GROUP PLC7.42%
3BRITISH LAND CO PLC5.74%
4KLEPIERRE4.74%
5PSP SWISS PROPERTY4.42%
6ENTRA ASA4.11%
7ICADE4.1%
8GECINA4.03%
9VONOVIA SE3.99%
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks to provide long term capital appreciation, measured in euro, through investment in the equity securities of companies in the European real estate industry.
Benchmark
  • GPR General Quoted Europe
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Sven Van Kemenade31/08/1997Sven van Kemenade, Vice President, joined Morgan Stanley Investment Management in 1997 as a Research Analyst after completing an internship. Sven is a Portfolio Manager for the group's European real estate securities investment business. Prior to joining Morgan Stanley Investment Management, he worked for the Limburg Institute of Financial Economics as a research analyst. He graduated from the University of Limburg in 1999 with a Drs. in Econometrics.
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.
Michiel te Paske31/08/1997Michiel Te Paske, Vice President, joined Morgan Stanley in 1997 as a Research Analyst and has 7 years of investment experience. He is a Vice President and a Portfolio Manager for the group's European real estate securities investment business. Prior to joining the Firm, he worked for the Limburg Institute of Financial Economics and Global Property Research as a research analyst. Michiel received a Masters from the Maastricht University in 1997 in Economics.
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, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly European Property A 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 price30.84
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH63
Morg Stnly European Property A EUR 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 price32.68
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM31
Morg Stnly European Property AH USD
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.74%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price21.45
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFT3H
Morg Stnly European Property AX 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 price30.57
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFDYO
Morg Stnly European Property AX EUR 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 price32.39
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFDYP
Morg Stnly European Property B 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 price25.66
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMH64
Morg Stnly European Property B EUR 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 price27.19
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM32
Morg Stnly European Property I 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 price35.12
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMH65
Morg Stnly European Property I EUR 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 price37.21
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM33
Morg Stnly European Property IH USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price21.71
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFT3I
Morg Stnly European Property Z 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 price39.17
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPB1
Morg Stnly European Property Z EUR 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 price41.5
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPB2
Data provided by

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