Fact sheet: Morg Stnly Fntr Emg Mkts Eq

Fund information
Fund name
Morg Stnly Frontier Emerging Markets Equity I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Tim Drinkallsince 28/03/2013
  • Pierre Horvilleursince 01/11/2015
Fund objective
Seeks long-term capital appreciation, measured in U.S. dollars, through investment primarily in a portfolio of equity securities in frontier emerging market countries. The term “frontier emerging markets” refers to those emerging market countries outside the “mainstream” emerging markets, whose capital markets have traditionally been difficult for foreign investors to enter or are in early stages of capital market and/or economic development.
Benchmark
  • MSCI Frontier Markets
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3.3%
1 Year rank in sector
189/258
Sector
FO Equity - Emerging Markets
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.
1.48%
Fund size
£78m (£80m 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.
92
Top in this sector
Fund name1 Year
Charlemagne Magna New Frontrs44.8%
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GAM Star Nth of Sth EM Eq39.2%
Dimensional EmMkt Tgt Val34.8%
Schroder ISF QEP Gl Eg Mts34.2%
...more in FO Equity - Emerging Markets

Performance snapshot

Holdings snapshot

  • Pakistan20%
    Argentina13.5%
    Kuwait10%
    Vietnam9.4%
    Romania7.4%
  • Banks42.8%
    Foods12.5%
    Building & Construction7.2%
    Beverages5%
    Wireless & Mobile Communications4.4%
  • Asia Pacific Emerging Equities31.3%
    American Emerging Equities15.4%
    African Equity11.1%
    Kuwaiti Equities10%
    European Emerging Equities7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-2.7%0.2%3.3%-0%-
Sector-2.1%-4.6%5.3%7.5%-7.1%1.2%
Rank within sector39 / 26373 / 267204 / 263189 / 25874 / 210-
Quartile1st2nd4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3%-10.2%3.5%--
Sector9.7%-14.3%-1.4%-0.7%14.2%
Rank within sector212 / 25884 / 24173 / 215--
Quartile4th2nd2nd
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.
1.23
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.
0.56
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%.
12.08
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.
11.02
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.
0.2
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.
0.41
Price movement
52 week high30.11
52 week low25
Current bid price-
Current offer price-
Current mid price29.01
Region
1Pakistan19.96%
2Argentina13.5%
3Kuwait10%
4Vietnam9.4%
5Romania7.38%
6Kenya5.8%
7Bangladesh4.94%
8United Arab Emirates4.76%
9Egypt4.03%
Industry sector
1Banks42.79%
2Foods12.5%
3Building & Construction7.16%
4Beverages4.99%
5Wireless & Mobile Communications4.36%
6Oil & Gas4.27%
7Airlines3.43%
8Health Care3.19%
9Financial Services2.16%
Asset type
1Asia Pacific Emerging Equities31.33%
2American Emerging Equities15.42%
3African Equity11.06%
4Kuwaiti Equities10%
5European Emerging Equities7.38%
6Asia Pacific Equities4.94%
7Emirian Equities4.76%
8Egyptian Equity4.03%
9Brazilian Equities3.58%
Individual holdings
1NATIONAL BANK OF KUWAIT6.37%
2BANCA TRANSILVANIA CLUJ4.57%
3VIETNAM DAIRY PRODUCT CO4.48%
4BANCO MACRO S.A.4.46%
5LUCKY CEMENT LTD4.39%
6HABIB BANK4.17%
7SAFARICOM LTD3.89%
8 JSC BANK FOR FOREIGN TRADE3.4%
9BBVA BANCO FRANCES S.A.3.12%
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 primarily in a portfolio of equity securities in frontier emerging market countries. The term “frontier emerging markets” refers to those emerging market countries outside the “mainstream” emerging markets, whose capital markets have traditionally been difficult for foreign investors to enter or are in early stages of capital market and/or economic development.
Benchmark
  • MSCI Frontier Markets
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Tim Drinkall28/03/2013Tim Drinkall is the lead Portfolio Manager for the Frontier Markets Equity and Emerging Markets Small Cap strategies, on the Global Emerging Markets team. He joined Morgan Stanley in 2007 and has 22 years of investment experience. Prior to joining the firm, Tim was a fund manager at Gustavia Capital, where he was responsible for two funds investing in emerging Europe. He has been working with emerging markets since 1992. Tim began his investment banking career with Creditanstalt Securities as an analyst based in Budapest, Hungary, and was later promoted to head of Polish Equity Research in Warsaw, Poland. In 1997 he joined Deutsche Bank in London as director and head of Emerging Europe Equity Research. Tim received a B.A. in finance from Indiana University and an MBA in international business from George Washington University.
Pierre Horvilleur01/11/2015
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Morg Stnly Frontier Emerging Markets Equity A USD
Initial charge5.75%
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price27.69
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7ML
Morg Stnly Frontier Emerging Markets Equity A USD EUR
Initial charge5.75%
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price25.78
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MK
Morg Stnly Frontier Emerging Markets Equity AH EUR
Initial charge5.75%
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.79%
Total expense ratio (TER)2.76%
Bid price-
Offer price-
Mid price27.09
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MM
Morg Stnly Frontier Emerging Markets Equity AX USD
Initial charge5.75%
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price19.64
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIUT
Morg Stnly Frontier Emerging Markets Equity AX USD EUR
Initial charge5.75%
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.71%
Bid price-
Offer price-
Mid price18.28
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFIUS
Morg Stnly Frontier Emerging Markets Equity B USD
Initial charge-
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.75%
Total expense ratio (TER)3.71%
Bid price-
Offer price-
Mid price26.69
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MO
Morg Stnly Frontier Emerging Markets Equity B USD EUR
Initial charge-
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.75%
Total expense ratio (TER)3.71%
Bid price-
Offer price-
Mid price24.84
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MN
Morg Stnly Frontier Emerging Markets Equity BH EUR
Initial charge-
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.79%
Total expense ratio (TER)3.76%
Bid price-
Offer price-
Mid price26.11
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MP
Morg Stnly Frontier Emerging Markets Equity C USD
Initial charge-
Annual charge3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.35%
Total expense ratio (TER)3.31%
Bid price-
Offer price-
Mid price27.09
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MR
Morg Stnly Frontier Emerging Markets Equity C USD EUR
Initial charge-
Annual charge3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.35%
Total expense ratio (TER)3.31%
Bid price-
Offer price-
Mid price25.21
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MQ
Morg Stnly Frontier Emerging Markets Equity CH EUR
Initial charge-
Annual charge3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.39%
Total expense ratio (TER)3.36%
Bid price-
Offer price-
Mid price26.49
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF7MS
Morg Stnly Frontier Emerging Markets Equity I USD
Initial charge3%
Annual charge1.2%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price29.01
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7MU
Morg Stnly Frontier Emerging Markets Equity I USD EUR
Initial charge3%
Annual charge1.2%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price27.01
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7MT
Morg Stnly Frontier Emerging Markets Equity N USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price20.74
CurrencyUSD
Price updated07/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFN2K
Morg Stnly Frontier Emerging Markets Equity N USD EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.76
CurrencyEUR
Price updated07/07/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFN2L
Morg Stnly Frontier Emerging Markets Equity Z USD
Initial charge1%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price29.06
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7MW
Morg Stnly Frontier Emerging Markets Equity Z USD EUR
Initial charge1%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price27.05
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF7MV
Data provided by

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