Fact sheet: Morg Stnly Global Property

Fund information
Fund name
Morg Stnly Global Property B USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Desmond Foongsince 01/01/2015
  • Michiel te Paskesince 31/10/2006
  • Bill Grantsince 01/01/2014
  • Angeline Hosince 31/10/2006
  • Sven Van Kemenadesince 31/10/2006
  • Ted Bigmansince 31/10/2006
Fund objective
Seeks to provide long term capital appreciation, measured in U.S. dollars, primarily through investment in the equity securities of companies in the real estate industry located throughout the world.
Benchmark
  • FTSE EPRA/NAREIT Developed Real Estate (Net) Equally Weighted Between North American, European and A
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-3.2%
1 Year rank in sector
40/44
Sector
FO Property - International
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.
2.8%
Fund size
£966m (£1,200m 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.
94
Top in this sector
Fund name1 Year
SKAGEN SKAGEN m228.6%
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HSBC GIF GblRlEstEqt19.7%
Fidelity Gbl Prop19.6%
Oasis Crescent GlbProEq14.9%
...more in FO Property - International

Performance snapshot

Holdings snapshot

  • USA31.1%
    Japan13.8%
    Hong Kong12.6%
    UK11.3%
    France6.7%
  • Others34.9%
    Retail25.2%
    Offices - Property14.5%
    Residential - Property10.5%
    Industrials4%
  • Property Shares98%
    Cash & Cash Equivalents2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-9.6%-5.8%-3.2%3.8%36.5%
Sector0.7%-7.4%-1.6%1.8%23.3%50.1%
Rank within sector24 / 4430 / 4537 / 4540 / 4441 / 4231 / 34
Quartile3rd3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-3%-3.1%9.1%4.8%29.1%
Sector1.1%4.3%16%0.9%21.8%
Rank within sector34 / 4436 / 4340 / 429 / 407 / 34
Quartile4th4th4th1st1st
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.
-6.65
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.
1.14
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%.
12.37
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.
4.31
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.
-1.37
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.
0.89
Price movement
52 week high27.07
52 week low22.47
Current bid price-
Current offer price-
Current mid price24.47
Region
1USA31.08%
2Japan13.78%
3Hong Kong12.62%
4UK11.25%
5France6.69%
6Australia6.25%
7Germany3.24%
8Money Market2.78%
9Netherlands1.64%
Industry sector
1Others34.93%
2Retail25.15%
3Offices - Property14.52%
4Residential - Property10.46%
5Industrials4.01%
6Leisure & Hotels3%
7Cash & Cash Equivalents2.78%
8Health Care2.54%
9Warehousing & Real Estate1.92%
Asset type
1Property Shares97.96%
2Cash & Cash Equivalents2.04%
Individual holdings
1SIMON PROPERTY GROUP INC4.24%
2UNIBAIL-RODAMCO3.16%
3SUN HUNG KAI PROPERTIES LTD2.78%
4MITSUBISHI ESTATE CO2.68%
5LAND SECURITIES GROUP PLC2.65%
6MITSUI FUDOSAN2.65%
7VORNADO REALTY TRUST USD0.042.64%
8HONG KONG LAND HLDGS2.61%
9EQUITY RESIDENTIAL PROPERTIES TR.REIT2.59%
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 U.S. dollars, primarily through investment in the equity securities of companies in the real estate industry located throughout the world.
Benchmark
  • FTSE EPRA/NAREIT Developed Real Estate (Net) Equally Weighted Between North American, European and A
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Desmond Foong01/01/2015
Michiel te Paske31/10/2006Michiel 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.
Bill Grant01/01/2014Mr. Bill Grant, also known as B.J., serves as a Managing Director and Portfolio Manager at Morgan Stanley Investment Management Inc. Mr. Grant joined Morgan Stanley Investment Management Inc in 2000. He serves as Managing Director and Portfolio Manager at Columbia Funds Variable Series Trust II - Variable Portfolio-Morgan Stanley Global Real Estate Fund. He serves as Portfolio Manager of Pacific Funds Series Trust - PF Real Estate Fund, The Universal Institutional Funds, Inc. - Global Real Estate Portfolio, Morgan Stanley Investment Funds SICAV - Global Property Fund, Pacific Select Fund - Real Estate Portfolio, Morgan Stanley Investment Funds SICAV - U.S. Property Fund, Morgan Stanley Institutional Fund, Inc. - Global Real Estate Portfolio, Allianz Variable Insurance Products Trust - AZL Morgan Stanley Global Real Estate Fund and The Universal Institutional Funds, Inc. - U.S. Real Estate Portfolio. He worked for Morgan Stanley Investment Management Inc securitized products group. Mr. Grant has extensive investment experience. He received a B.A. from Occidental College in Economics.
Angeline Ho31/10/2006Angeline 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.
Sven Van Kemenade31/10/2006Sven 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 Bigman31/10/2006Ted 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Guernsey, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Morg Stnly Global Property A USD
Initial charge5.75%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price27.11
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI242
Morg Stnly Global Property A USD EUR
Initial charge5.75%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price25.23
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI241
Morg Stnly Global Property AH EUR
Initial charge5.75%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price29.76
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLSC6
Morg Stnly Global Property B USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price24.47
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI238
Morg Stnly Global Property B USD EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.8%
Total expense ratio (TER)2.8%
Bid price-
Offer price-
Mid price22.78
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI237
Morg Stnly Global Property BH EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.84%
Total expense ratio (TER)2.84%
Bid price-
Offer price-
Mid price28.02
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLSC7
Morg Stnly Global Property C USD
Initial charge-
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.6%
Total expense ratio (TER)2.6%
Bid price-
Offer price-
Mid price30.09
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPD2
Morg Stnly Global Property C USD EUR
Initial charge-
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.6%
Total expense ratio (TER)2.6%
Bid price-
Offer price-
Mid price28.01
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPD1
Morg Stnly Global Property CH EUR
Initial charge-
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.64%
Bid price-
Offer price-
Mid price28.32
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLSC8
Morg Stnly Global Property I USD
Initial charge3%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price29.14
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI236
Morg Stnly Global Property I USD EUR
Initial charge3%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price27.13
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI235
Morg Stnly Global Property IX USD
Initial charge3%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price24.8
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI234
Morg Stnly Global Property IX USD GBP
Initial charge3%
Annual charge0.85%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price19.7
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI233
Morg Stnly Global Property Z USD
Initial charge1%
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price34.59
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPD4
Morg Stnly Global Property Z USD EUR
Initial charge1%
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price32.2
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPD3
Morg Stnly Global Property Z USD GBP
Initial charge1%
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price27.48
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDWW3
Data provided by

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