Fact sheet: Morg Stnly Latin Am Equity

Fund information
Fund name
Morg Stnly Latin American Equity I USD
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund managers
  • Cristina Piedrahitasince 30/01/2002
  • Gaite Alisince 29/09/2007
Fund objective
Seeks to maximise total return, measured in U.S. dollars, through investment primarily in the common shares of companies incorporated in Latin American countries.
Benchmark
  • MSCI EM Latin America Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
23.1%
1 Year rank in sector
14/43
Sector
FO Equity - Latin America
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.
1.28%
Fund size
£389m (£271m 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.
193
Top in this sector
Fund name1 Year
BNY Mellon Brazil Equity77.5%
Templeton Latin Amer44.3%
UBS (L)EqSIC-Brazil$43.2%
Parvest Equity Brazil41.6%
Fidelity Latin America39.6%
...more in FO Equity - Latin America

Performance snapshot

Holdings snapshot

  • Brazil51.2%
    Mexico27.9%
    Chile6.7%
    Peru4.6%
    Colombia3.5%
  • Banks30.2%
    Beverages11.6%
    Retail7.5%
    Building & Construction6.2%
    Oil & Gas5.8%
  • Brazilian Equities51.2%
    Mexican Equities27.9%
    American Emerging Equities7.3%
    Chilean Equities6.7%
    Peruvian Equity4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-10.8%-8.9%2.9%23.1%-24.6%-27.9%
Sector-10.8%-8.4%4%18.4%-26.1%-33.2%
Rank within sector22 / 4324 / 4325 / 4314 / 4319 / 4013 / 36
Quartile3rd3rd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund26.4%-30.8%-13.9%-12%12.2%
Sector23.6%-31.7%-12.5%-14%7.7%
Rank within sector15 / 4328 / 4225 / 4010 / 3810 / 35
Quartile2nd3rd3rd2nd2nd
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.
1.19
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.
1.02
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.
-0.03
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%.
25.24
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.
4.81
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.
0.18
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.
0.96
Price movement
52 week high58.2
52 week low34.63
Current bid price-
Current offer price-
Current mid price50.4
Region
1Brazil51.18%
2Mexico27.88%
3Chile6.68%
4Peru4.61%
5Colombia3.49%
6Money Market2.36%
7Argentina1.91%
8Panama1.88%
Industry sector
1Banks30.19%
2Beverages11.57%
3Retail7.54%
4Building & Construction6.24%
5Oil & Gas5.78%
6Foods5.03%
7Food & Drug Retailers4.49%
8Real Estate3.22%
9Conglomerates2.57%
Asset type
1Brazilian Equities51.18%
2Mexican Equities27.88%
3American Emerging Equities7.28%
4Chilean Equities6.68%
5Peruvian Equity4.61%
6Money Market2.36%
Individual holdings
1ITAU UNIBANCO HLDG SA10.17%
2BANCO BRADESCO SA7.4%
3FOMENTO ECONOMICO MEXCANO SAB DE CV7.36%
4GRUPO FINANCIERO BANORTE SAB DE CV5.85%
5BRF SA5.03%
6CEMEX S.A.B. DE C.V.4.75%
7CREDICORP4.61%
8RAIA DROGASIL SA4.49%
9AMBEV SA4.21%
Management
Fund manager group
Morgan Stanley
Fund manager company
Morgan Stanley Investment Fund
Fund type
Offshore Fund
Fund objective
Seeks to maximise total return, measured in U.S. dollars, through investment primarily in the common shares of companies incorporated in Latin American countries.
Benchmark
  • MSCI EM Latin America Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Cristina Piedrahita30/01/2002Cristina is a portfolio manager for the Latin American Equity portfolio. She joined Morgan Stanley in 2002 and has 12 years of investment experience. Prior to joining the firm, she was a Latin American equity analyst at Fidelity Investments, HSBC Asset Management and Baring Asset Management. Cristina received a B.A. in economics and political science from Brown University and an M.B.A. in business administration from the Sloan School of Management at the Massachusetts Institute of Technology.
Gaite Ali29/09/2007Gaite Ali is a portfolio manager on the Emerging Markets Equity team focusing on Latin America. She joined Morgan Stanley in 2007 and has 14 years of investment experience. Prior to joining the firm, Gaite was a portfolio manager at AllianceBernstein, London. Gaite received an M.B.A. in finance and an M.A. in international affairs from Columbia University, and a B.A. in history from Vassar College.
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, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Morg Stnly Latin American Equity A USD
Initial charge5.75%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price44.44
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMI69
Morg Stnly Latin American Equity A USD EUR
Initial charge5.75%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price41.8
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM50
Morg Stnly Latin American Equity AX USD
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price63.63
CurrencyUSD
Price updated31/08/2007
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEK73
Morg Stnly Latin American Equity AX USD GBP
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price31.56
CurrencyGBP
Price updated31/08/2007
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEK74
Morg Stnly Latin American Equity B USD
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price36.41
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMI73
Morg Stnly Latin American Equity B USD EUR
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price34.25
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeYM51
Morg Stnly Latin American Equity C USD
Initial charge-
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price14.6
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPF3
Morg Stnly Latin American Equity C USD EUR
Initial charge-
Annual charge2.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.75%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price13.73
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPF2
Morg Stnly Latin American Equity I USD
Initial charge3%
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price50.4
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMI68
Morg Stnly Latin American Equity I USD EUR
Initial charge3%
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price47.41
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeYM52
Morg Stnly Latin American Equity IX USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price67.23
CurrencyUSD
Price updated31/08/2007
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEK76
Morg Stnly Latin American Equity IX USD GBP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price33.35
CurrencyGBP
Price updated31/08/2007
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEK75
Morg Stnly Latin American Equity Z USD
Initial charge1%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price36.15
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPF5
Morg Stnly Latin American Equity Z USD EUR
Initial charge1%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price34.01
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPF4
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.