{"de":{"defaultLanguage":"de","name":"de","language":{"de":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Germany for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that the information contained in this site is not directed to any party other than an Institutional Investor (for instance a \u2018retail investor\u2019) by the home regulator of the country where the website is being accessed.

The information or opinions contained herein should not be considered as neither an advertising communication or construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. All investment products are subject to detailed restrictions associated with investing and are contained in the prospectus related to any such investment product.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Morgan Stanley Investment Management imposes obligations on financial sector professionals to prevent the misuse of investment funds for money-laundering purposes, including procedures for the identification of subscribers and undertaking verification and other relevant security checks.

I acknowledge that no Morgan Stanley Investment Management entity or any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting these representations I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representations are correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

*Institutional Investor means a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme and management company, pension fund and management company of such fund, commodity and commodity derivatives dealer, a large undertaking with at least two of the following: (i) balance sheet total of over EUR 20 million, (ii) net turnover of over EUR 40 million or (iii) over EUR 2 million of own funds, acting on its own account and national and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations, acting on its own account, and in each case as interpreted under MiFID.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

Hiermit bestätige ich, dass ich diese Website von einem Standort in Deutschland aus besuche, in meinem eigenen Namen auf Basis eines mir übertragenen Vermögensverwaltungsmandats handle und über die erforderlichen Qualifikationen eines institutionellen Anlegers gemäß der nachstehenden Erklärung verfüge. Mir ist bewusst, dass sich die Informationen dieser Website möglicherweise auf die Anlageprodukte von Morgan Stanley Investment Management beziehen, jedoch nicht für Personen bestimmt sind, nicht an Personen ausgegeben werden bzw. nicht von Personen genutzt werden dürfen, die Rechtsordnungen unterstehen, in denen die Anlageprodukte nicht zum Vertrieb zugelassen oder die Verbreitung von Informationen zu den Anlageprodukten verboten sind.

Ebenso ist mir bewusst, dass die Informationen dieser Website nicht für Parteien bestimmt sind, die im Sinne der Regulierungsbehörde des Landes, von dem aus auf die Website zugegriffen wird, nicht als institutionelle Anleger definiert sind, wie beispielsweise Privatanleger.

Die hierin enthaltenen Informationen bzw. Meinungen stellen weder eine Werbebotschaft noch ein Verkaufsangebot oder eine Aufforderung zu einem Kaufangebot für jegliche Anklageprodukte dar; ebenso dürfen derartige Anlageprodukte jeglichen Personen in Rechtsgebieten, in denen solche Angebote, Aufforderungen, Käufe oder Verkäufe rechtswidrig sind, weder angeboten noch verkauft werden. Alle Anlagen unterliegen den spezifischen Einschränkungen, die mit einer Investition in das jeweilige Produkt verbunden sind, und sind im Prospekt des jeweiligen Anlageprodukts enthalten. Mir ist ebenfalls bewusst, dass Morgan Stanley Investment Management weder garantiert noch gewährleistet, dass jegliche Informationen auf dieser Website korrekt oder vollständig oder für einen bestimmten Zweck geeignet sind.

Um die Nutzung von Investmentfonds für Geldwäsche zu verhindern, gelten für im Finanzsektor tätige Personen besondere Verpflichtungen. Vor diesem Hintergrund ist ein Verfahren zur Identifizierung von Fondszeichnern vorgeschrieben. Morgan Stanley Investment Management Limited hat das Recht, eine Überprüfung und sonstige relevante Sicherheitskontrollen durchzuführen, um den Verpflichtungen nachzukommen, denen im Finanzsektor tätige Personen in Bezug auf Geldwäsche und Finanzkriminalität unterliegen.

Ich erkenne an, dass weder Morgan Stanley Investment Management Limited noch seine verbundenen Unternehmen für Verluste haften, die direkt oder indirekt durch den Zugriff auf Informationen infolge meiner falschen oder fehlerhaften Angaben entstehen. Durch die Annahme dieser Erklärungen bestätige ich ebenfalls mein Einverständnis mit den Nutzungsbedingungen, die ich gelesen und verstanden habe. Sofern die vorstehenden Erklärungen korrekt sind, klicken Sie bitte auf \u201eStimme zu\u201c, um fortzufahren; klicken Sie andernfalls auf \u201eLehne ab\u201c, um zur Startseite zurückzukehren.

*Der Begriff Institutioneller Anleger bezeichnet ein Kreditinstitut, eine Investmentgesellschaft, ein zugelassenes oder beaufsichtigtes Finanzinstitut, eine Versicherungsgesellschaft, eine kollektive Kapitalanlage bzw. eine Verwaltungsgesellschaft für kollektive Kapitalanlagen, einen Pensionsfonds bzw. eine Gesellschaft zur Verwaltung dieser Fonds, einen Waren- und Warenderivate-Händler oder ein großes Unternehmen, das mindestens zwei der folgenden Merkmale aufweist und auf eigene Rechnung handelt : (i) eine Jahresbilanz von mehr als 20 Mio. EUR, (ii) einen Nettoumsatz von mehr als 40 Mio. EUR oder (iii) mehr als 2 Mio. EUR an Eigenmitteln, auf eigene Rechnung handelnd oder im Namen einer sowie Zentral- oder Regionalregierung, einschließlich öffentlicher Einrichtungen, die öffentliche Schuldtitel auf nationaler oder lokaler Ebene verwalten, Zentralbanken, internationale und supranationale Institutionen wie die Weltbank, der IWF, die EZB, die EIB und andere ähnliche internationale Organisationen, die auf eigene Rechnung im Sinne der Finanzrichtlinie MiFID handeln.

Bitte beachten Sie, dass die Definition eines institutionellen Anlegers von der Definition der Regulierungsbehörde des Landes abweichen kann, von dem aus auf die Website zugegriffen wird.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I understand and accept that Morgan Stanley Investment Management\u2019s website for Liquidity Investors in Germany is intended only for Professional Clients, as defined by the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG).¹ Accordingly, I represent that I am a Professional Client.

I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Obligations are imposed on financial sector professionals to prevent the use of investment funds for money-laundering purposes. Within this context, a procedure for the identification of subscribers has been imposed. Morgan Stanley Investment Management Limited may undertake verification and other relevant security checks in order to meet the obligations imposed on financial sector professionals concerning money laundering and financial crime.

I acknowledge that neither Morgan Stanley Investment Management Limited nor any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting this representation I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representation is correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

¹Die EU-Richtlinie über Märkte für Finanzinstrumente (MiFID) wurde in Deutschland über das Wertpapierhandelsgesetz \u2013 WpHG umgesetzt. Gemäß Paragraph 31a(2) des WpHG ist ein professioneller Kunde wie folgt definiert:

Professionelle Kunden im Sinne dieses Gesetzes sind Kunden, bei denen das Wertpapierdienstleistungsunternehmen davon ausgehen kann, dass sie über ausreichende Erfahrungen, Kenntnisse und Sachverstand verfügen, um ihre Anlageentscheidungen zu treffen und die damit verbundenen Risiken angemessen beurteilen zu können. Professionelle Kunden im Sinne des Satzes 1 sind

1. Unternehmen, die als

Wertpapierdienstleistungsunternehmen,
sonstige zugelassene oder beaufsichtigte Finanzinstitute,
Versicherungsunternehmen,
Organismen für gemeinsame Anlagen und ihre Verwaltungsgesellschaften,
Pensionsfonds und ihre Verwaltungsgesellschaften,
Unternehmen im Sinne des § 2a Abs. 1 Nr. 8,
Börsenhändler und Warenderivatehändler,
sonstige institutionelle Anleger, deren Haupttätigkeit nicht von den Buchstaben a bis g erfasst wird, im Inland oder Ausland zulassungs- oder aufsichtspflichtig sind, um auf den Finanzmärkten tätig werden zu können;

2. nicht im Sinne der Nummer 1 zulassungs- oder aufsichtspflichtige Unternehmen, die mindestens zwei der drei nachfolgenden Merkmale überschreiten:

20.000.000 Euro Bilanzsumme,
40.000.000 Euro Umsatzerlöse,
2.000.000 Euro Eigenmittel;

3. nationale und regionale Regierungen sowie Stellen der öffentlichen Schuldenverwaltung;

4. Zentralbanken, internationale und überstaatliche Einrichtungen wie die Weltbank, der Internationale Währungsfonds, die Europäische Zentralbank, die Europäische Investmentbank und andere vergleichbare internationale Organisationen;

5. andere nicht im Sinne der Nummer 1 zulassungs- oder aufsichtspflichtige institutionelle Anleger, deren Haupttätigkeit in der Investition in Finanzinstrumente besteht, und Einrichtungen, die die Verbriefung von Vermögenswerten und andere Finanzierungsgeschäfte betreiben.

Sie werden in Bezug auf alle Finanzinstrumente, Wertpapierdienstleistungen und Wertpapiernebendienstleistungen als professionelle Kunden angesehen

","order":"3"}},"name":"de","title":"German","order":"1"}},"region":"Europe & Middle East","title":"Germany","order":"16"},"no":{"defaultLanguage":"en","name":"no","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Norway for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Norway","order":"22"},"hk":{"defaultLanguage":"en","name":"hk","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

This section of the website is directed at Hong Kong persons and is not intended for any person outside Hong Kong. By clicking \u2018I Agree\u2019, you confirm that you are a person located in Hong Kong.

I represent and warrant that I am a Professional Investor as defined under the Securities and Futures Ordinance (Cap 571 of the Laws of Hong Kong) and its subsidiary legislation as amended or restated from time to time to OR a person that is appropriately licensed with the Securities and Futures Commission of Hong Kong to access this Website for the purpose of acquiring information.

I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. In Hong Kong, only selected Morgan Stanley Investment Funds and its sub funds are authorized as collective investment schemes by the Securities and Futures Commission (\u201cSFC\u201d) (Please note that SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors). This web-site is provided in Hong Kong by Morgan Stanley Asia Limited and has not been reviewed by the Securities and Futures Commission. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the relevant offering documents for each investment product. I also understand that Morgan Stanley does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Obligations are imposed on financial sector professionals to prevent the use of investment funds for money-laundering purposes. Within this context, a procedure for the identification of subscribers has been imposed. Morgan Stanley Asia Limited or its affiliates may undertake verification and other relevant security checks in order to meet the obligations imposed on financial sector professionals concerning money laundering and financial crime.

This section of the website is only directed at persons who are 'professional investors' within the meaning of such term under Part 1 of Schedule 1 to the Securities and Futures Ordinance. By clicking \u2018I Agree\u2019, you represent and warrant that (i) you are or are acting on behalf of a 'professional investor' within such definition and (ii) you are not in breach of any Hong Kong laws or regulations applicable to you (or the person on whose behalf you are acting) by accessing this website. If you are not such a 'professional investor', you acknowledge and understand that the information on this website are not directed at you and Morgan Stanley Investment Management is unable to provide any information to you regarding its services or products.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. In Hong Kong, only selected Morgan Stanley Investment Funds and its sub funds are authorized as collective investment schemes by the Securities and Futures Commission (\u201cSFC\u201d) (Please note that SFC authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors). This web-site is provided in Hong Kong by Morgan Stanley Asia Limited and has not been reviewed by the Securities and Futures Commission. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the relevant offering documents for each investment product. I also understand that Morgan Stanley does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Obligations are imposed on financial sector professionals to prevent the use of investment funds for money-laundering purposes. Within this context, a procedure for the identification of subscribers has been imposed. Morgan Stanley Asia Limited or its affiliates may undertake verification and other relevant security checks in order to meet the obligations imposed on financial sector professionals concerning money laundering and financial crime.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Asia Pacific","title":"Hong Kong SAR","order":"8"},"be":{"defaultLanguage":"en","name":"be","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Belgium for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

I represent that I am accessing this Website from Belgium, am acting on my own account on the basis of a discretionary investment management mandate, and that I satisfy the qualification as an Institutional Investor as defined below. I understand the information contained in this site may pertain to the investment products of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that the information contained in this site is not directed to any party other than an Institutional Investor (for instance, a \u2018retail investor\u2019) by the home regulator of the country where the website is being accessed.

The information or opinions contained herein should not be construed as neither an advertising communication, or an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. All investments are subject to detailed restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

I acknowledge that neither Morgan Stanley Investment Management Limited nor any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting these representations I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representations are correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

*Institutional Investor means a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme and management company, pension fund and management company of such fund, commodity and commodity derivatives dealer, a large undertaking with at least two of the following: (i) balance sheet total of over EUR 20 million, (ii) net turnover of over EUR 40 million or (iii) over EUR 2 million of own funds, acting on its own account and national and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations, acting on its own account, as interpreted under MiFID.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"},"fr":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

Je reconnais que j'accède à ce site web depuis la Belgique, que j\u2019agis pour mon propre compte dans le cadre d\u2019un mandat d\u2019investissement discrétionnaire et que je remplis les conditions pour être qualifié d\u2019investisseur institutionnel, tel que défini ci-après. Je comprends que les informations contenues sur ce site concernent certains produits de Morgan Stanley Investment Management, qu\u2019elles ne s'adressent pas à, ni ne sont destinées à la distribution ou à l'utilisation par, des personnes résidant dans une juridiction dans laquelle les produits d\u2019investissement ne sont pas autorisés à la distribution, ou dans laquelle la diffusion d'informations sur les produits d\u2019investissement n'est pas autorisée.

Je comprends également que les informations contenues sur ce site ne s'adressent pas à d\u2019autres investisseurs autres qu\u2019un Investisseur institutionnel (par exemple un « investisseur particulier ») par l'autorité de réglementation du pays depuis lequel le site web est consulté.

Les informations ou les opinions contenues sur ce site ne doivent pas être considérées comme une publicité, une offre de vente, ni comme une sollicitation d'achat de produits d'investissement. En outre, de tels produits d\u2019investissement ne doivent être ni proposés ni vendus à toute personne d\u2019une juridiction dans laquelle de tels offre, sollicitation, achat ou vente seraient illégaux en vertu des lois de ladite juridiction. Tous les investissements sont soumis à des restrictions détaillées en lien avec chaque produit d\u2019investissement. Ces restrictions sont précisées dans les prospectus de chaque produit d'investissement. Je comprends également que Morgan Stanley Investment Management ne garantit pas ni ne reconnait que les informations contenues sur ce site soient exactes, complètes ou adaptées à un quelconque usage particulier.

Les professionnels du secteur financier sont contraints de respecter certaines obligations destinées à empêcher l\u2019utilisation de fonds d\u2019investissement à des fins de blanchiment d\u2019argent. Par conséquent, une procédure d\u2019identification des souscripteurs est imposée. Morgan Stanley Investment Management Limited peut procéder à des vérifications et d\u2019autres contrôles de sécurité requis, afin de remplir les obligations en vigueur pour les professionnels du secteur financier destinées à lutter contre le blanchiment d\u2019argent et la criminalité financière.

Je reconnais qu'aucune entité de Morgan Stanley Investment Management, ni aucune de ses sociétés affiliées, ne pourra être tenue responsable de quelconques pertes résultant directement ou indirectement de toute information consultée résultant d\u2019une déclaration fausse ou erronée de ma part. En acceptant cette déclaration, je confirme également mon acceptation des « Conditions générales d'utilisation », que j'ai lues et comprises. Si la déclaration ci-dessus est exacte, veuillez cliquer sur « J'accepte » ci-dessous pour continuer. Sinon, cliquez sur « Je refuse » ci-dessous pour revenir à la page d'accueil.

* Un Investisseur institutionnel peut désigner : un établissement de crédit, une société d'investissement, une institution financière autorisée et réglementée, une compagnie d'assurance, un organisme de placement collectif ou une société de gestion, un fonds de pension ou une société de gestion d\u2019un tel fonds, une société de négociation de matières premières ou d\u2019instruments dérivés sur matières premières, une grande entité dotée d\u2019au moins deux des caractéristiques suivantes : (I) un bilan total de plus de 20 millions d'euros, (ii) un chiffre d\u2019affaires net de plus de 40 millions d'euros ou (iii) plus de 2 millions d'euros de fonds propres, entité agissant pour son propre compte, ainsi que les gouvernements nationaux et régionaux, y compris les organismes publics qui gèrent de la dette publique au niveau national ou régional, les banques centrales, les institutions internationales et supranationales comme la Banque Mondiale, le FMI, la BCE, la BEI et d'autres organisations internationales similaires agissant pour leur propre compte, tel qu\u2019interprété par la directive MiF.

Veuillez noter que la notion d\u2019investisseur institutionnel peut ne pas être définie par l'autorité de réglementation de l'État depuis lequel le site web est consulté.

","order":"1"}},"name":"fr","title":"French","order":"2"}},"region":"Europe & Middle East","title":"Belgium","order":"12"},"fi":{"defaultLanguage":"en","name":"fi","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Finland for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Finland","order":"14"},"pt":{"defaultLanguage":"en","name":"pt","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Portugal for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Portugal","order":"23"},"jp":{"defaultLanguage":"ja","name":"jp","language":{"ja":{"role":{"japanese-investor":{"name":"japanese-investor","title":"Japanese Investor","disclaimer":"","order":"1"}},"name":"ja","title":"Japanese","order":"1"}},"region":"Asia Pacific","title":"Japan","order":"9"},"dk":{"defaultLanguage":"en","name":"dk","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Denmark for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from Denmark for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Denmark","order":"13"},"lu":{"defaultLanguage":"en","name":"lu","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

IF YOU ARE AN INDIVIDUAL WHO IS A \u2018RETAIL INVESTOR\u2019 WITHIN THE MEANING OF DIRECTIVE 2011/61/EU (\u201cAIFMD\u201d), OR IF YOU ARE AN INVESTOR WHO OTHERWISE DOES NOT MEET THE DEFINITION OF \u2018INSTITUTIONAL / PROFESSIONAL INVESTOR\u2019 (AS DEFINED BELOW), AND YOU HAVE QUERIES RELATING TO AN INVESTMENT IN MORGAN STANLEY INVESTMENT MANAGEMENT PRODUCTS, YOU SHOULD CONTACT AN AUTHORISED FINANCIAL ADVISER OR INTERMEDIARY. IF YOU ARE UNABLE TO CONTACT AN AUTHORISED FINANCIAL ADVISOR OR INTERMEDIARY AND REQUIRE ASSISTANCE, PLEASE SEND AN EMAIL TO CSLUX@MORGANSTANLEY.COM

Before accessing this site, please choose from the following options:

I represent that I am accessing this Website from Luxembourg for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I acknowledge and understand that the information contained on this site is not intended for, and should not be accessed by, U.S. persons.

I further understand the information contained on this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that the information contained on this site is not directed to any party other than an Institutional Investor (for instance a \u2018retail investor\u2019 within the meaning of AIFMD) in the country where the website is being accessed.

I agree and understand that the information contained on this site may not be reproduced or otherwise transmitted in whole or in part without the prior written consent of Morgan Stanley.

The information or opinions contained herein should not be considered as an advertising communication or construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. All investment products are subject to detailed restrictions associated with investing which are contained in the prospectus related to any such investment product.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

I acknowledge that no Morgan Stanley Investment Management entity or any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting these representations I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representations are correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

*Institutional Investor means (as interpreted under Annex II Part I of Directive 2014/65/EU (\u201cMiFID\u201d)): (a) a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme or management company of such scheme, pension fund or management company of such fund, commodity or commodity derivatives dealer, or other institutional investor, in each case which is required to be authorised or regulated to operate in financial markets; (b) a large undertaking meeting at least two of the following size requirements on a company basis: (i) balance sheet total of EUR 20 million, (ii) net turnover of EUR 40 million or (iii) own funds of EUR 2 million, acting on its own account; or (c) a national or regional government, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations, acting on its own account.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from Luxembourg for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Luxembourg","order":"20"},"fr":{"defaultLanguage":"fr","name":"fr","language":{"fr":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from France for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

Je reconnais que j'accède à ce site web depuis la France, que j\u2019agis pour mon propre compte dans le cadre d\u2019un mandat d\u2019investissement discrétionnaire et que je remplis les conditions pour être qualifié d\u2019investisseur institutionnel, tel que défini ci-après. Je comprends que les informations contenues sur ce site concernent certains produits de Morgan Stanley Investment Management, qu\u2019elles ne s'adressent pas à, ni ne sont destinées à la distribution ou à l'utilisation par, des personnes résidant dans une juridiction dans laquelle les produits d\u2019investissement ne sont pas autorisés à la distribution, ou dans laquelle la diffusion d'informations sur les produits d\u2019investissement n'est pas autorisée.

Veuillez noter que la notion d\u2019investisseur institutionnel peut ne pas être définie par l'autorité de réglementation de l'État depuis lequel le site web est consulté.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from France for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"3"}},"name":"fr","title":"French","order":"1"}},"region":"Europe & Middle East","title":"France","order":"15"},"sa":{"defaultLanguage":"en","name":"sa","language":{"en":{"role":{"domestic-saudi-investor":{"name":"domestic-saudi-investor","title":"Domestic Saudi Investor","disclaimer":"

I represent that I am accessing this Website from the Kingdom of Saudi Arabia ('KSA') for the purpose of acquiring information for a qualifying investor.

The website has been prepared by Morgan Stanley Saudi Arabia solely for informational purposes and does not seek to make any recommendation to buy or sell any particular security (including Units in the Fund) or to adopt any specific investment strategy. Any use of this website, and the documents therein, by a financial intermediary is restricted to clients for whom the information in this website and an investment in Shares of the Fund has been considered to be suitable by that financial intermediary in view of that client's situation and purpose, subject always to the applicable regulatory standard. If such a client considers an investment in Units of the Fund, she/he should always ensure that she/he has satisfied herself/himself that she/he has been properly advised by that financial intermediary about the suitability of an investment.

A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose. I acknowledge that neither Morgan Stanley Saudi Arabia nor any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting this representation I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representation is correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

It is important you read the legal information page before proceeding. Morgan Stanley Saudi Equity Fund is authorised for sale in the Kingdom of Saudi Arabia, and this website is directed only to qualifying investors who are domiciled in the Kingdom of Saudi Arabia.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Saudi Arabia","order":"24"},"se":{"defaultLanguage":"en","name":"se","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Sweden for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from Sweden for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Sweden","order":"26"},"sg":{"defaultLanguage":"en","name":"sg","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

The contents presented herein are provided in Singapore by Morgan Stanley Investment Management Company (Unique Entity Number 199002743C).

Morgan Stanley Investment Management Company is regulated in Singapore by the Monetary Authority of Singapore.

I confirm that I am an Institutional Investor as defined in Section 4A of the Securities and Futures Act 2001 (\u201cSFA\u201d). I acknowledge that I am aware that certain regulatory safeguards under the SFA, would not be applicable to me by virtue of being treated as an Institutional Investor.

I also understand that Morgan Stanley Investment Management Company does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

I acknowledge that neither Morgan Stanley Investment Management Company nor any of its affiliates will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting this representation I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representation is correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

This website has not been reviewed by the Monetary Authority of Singapore. Any asset management or other services are provided in Singapore by Morgan Stanley Investment Management Company and you should contact Morgan Stanley Investment Management Company in relation to any questions you may have on the information presented on this website.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Asia Pacific","title":"Singapore","order":"10"},"gb":{"defaultLanguage":"en","name":"gb","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from the United Kingdom for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertains to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

The information or opinions contained herein should not be considered neither as an advertising communication or construed as an offer to sell or the solicitation of an offer to buy any investment product nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. All investment products are subject to detailed restrictions associated with investing and are contained in the prospectus related to any such investment product.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

* Institutional Investor means a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme and management company, pension fund and management company of such fund, commodity and commodity derivatives dealer, a large undertaking with at least two of the following: (i) balance sheet total of over EUR 20 million, (ii) net turnover of over EUR 40 million or (iii) over EUR 2 million of own funds, acting on its own account and national and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations, acting on its own account, as interpreted under MiFID.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

Contrary to the Terms of Use, the material regarding Morgan Stanley Investment Management contained on this Website has solely been approved for use in the UK by Morgan Stanley Investment Management Limited for the purposes of Section 21 of the Financial Services and Markets Act 2000.

","order":"1"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

I represent that I am accessing this Website from the United Kingdom, am acting on my own account on the basis of a discretionary investment management mandate, and that I satisfy the qualification as an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

The information or opinions contained herein should not be considered either as an advertising communication or construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. All investment products are subject to detailed restrictions associated with investing and are contained in the prospectus related to any such investment product.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

* Institutional Investor means a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme and management company, pension fund and management company of such fund, commodity and commodity derivatives dealer, a large undertaking with at least two of the following: (i) balance sheet total of over EUR 20 million, (ii) net turnover of over EUR 40 million or (iii) over EUR 2 million of own funds, acting on its own account and national and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations, acting on its own account, as interpreted under MiFID.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from the United Kingdom for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"3"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"United Kingdom","order":"28"},"ie":{"defaultLanguage":"en","name":"ie","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Ireland for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

I represent that I am accessing this Website from Ireland, am acting on my own account on the basis of a discretionary investment management mandate, and that I satisfy the qualification as an Institutional Investor as defined below. I understand the information contained in this site may pertain to the investment products of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I acknowledge that neither Morgan Stanley Investment Management Limited nor any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting these representations I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representations are correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from Ireland for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"3"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Ireland","order":"18"},"us":{"defaultLanguage":"en","name":"us","language":{"en":{"role":{"individual-investor":{"name":"individual-investor","title":"Individual Investor","disclaimer":"","order":"1"},"capital-seeker":{"name":"capital-seeker","title":"Capital Seeker","disclaimer":"","order":"7"},"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"","order":"5"},"financial-advisor":{"name":"financial-advisor","title":"Financial Advisor","disclaimer":"","order":"2"},"intermediary-manager-research":{"name":"intermediary-manager-research","title":"Intermediary Manager Research","disclaimer":"","order":"4"},"registered-investment-advisor":{"name":"registered-investment-advisor","title":"RIA & Bank Trust","disclaimer":"","order":"3"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"","order":"6"}},"name":"en","title":"English","order":"1"}},"region":"Americas","title":"United States","order":"1"},"os":{"defaultLanguage":"en","name":"os","language":{"en":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

I represent that I am accessing this Website related to information from Americas Offshore managed by Morgan Stanley Distribution, Inc. I represent that I am an Professional Investor as defined by the regulator of my home country, as applicable. The securities, products and services contained in this site are not registered and will not be registered in the Securities Commission, Exchange or any governmental or similar authority in my jurisdiction. Furthermore these securities, products or services are not regulated or supervised in my jurisdiction. I understand the information contained in this site pertaining to the securities, products or services of Morgan Stanley Investment Management is for my sole, private and exclusive use and is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which such products or services are not authorized for distribution or in which the dissemination of information regarding such securities, products or services is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any securities, product or service, nor shall any such securities, products or services be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each services, product or service is located in the prospectus for each product or service. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Americas","title":"Americas Offshore","order":"5"},"ch":{"defaultLanguage":"de","name":"ch","language":{"de":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Qualifizierter Investor ","disclaimer":"

Dieser Abschnitt der Website und dessen Inhalt ist nur für Qualifizierte Investoren im Sinne des Bundesgesetzes über die kollektiven Kapitalanlagen (KAG ) und der Verordnung über die kollektiven Kapitalanlagen (KKV) sowie in Übereinstimmung mit der aktuellsten Interpretation des Begriffs durch die Eidgenössische Finanzmarktaufsicht FINMA und die zuständigen Gerichte bestimmt.

Qualifizierte Investoren sind in Art. 10 Para. 3 a-d, 3bis, 3ter CISA definiert (z. B. regulierte Finanzintermediäre, regulierte Versicherungseinrichtungen, öffentliche Einrichtungen und Altersversorgungseinrichtungen mit professioneller Tresorerie, Unternehmen mit professioneller Tresorerie, vermögende Privatpersonen, die schriftlich erklärt haben, dass sie als qualifizierte Investoren eingestuft werden möchten, und Anleger, die eine schriftliche Vollmacht für Ermessensverwaltung abgeschlossen haben).

Ich bestätige, dass ich aus der Schweiz auf diese Website zugreife und ein qualifizierter Investor wie oben definiert bin. Mir ist bewusst, dass die Informationen dieser Website in Bezug auf die Anlageprodukte von Morgan Stanley Investment Management nicht für Personen bestimmt sind, nicht an Personen ausgegeben werden bzw. nicht von Personen genutzt werden dürfen, die Rechtsordnungen unterstehen, in denen die Anlageprodukte nicht zum Vertrieb zugelassen oder die Verbreitung von Informationen zu den Anlageprodukten verboten sind. Ebenso ist mir bewusst, dass die Informationen dieser Website nicht für Parteien bestimmt sind, die im Sinne der Regulierungsbehörde des Landes, in dem auf die Website zugegriffen wird, als Privatanleger definiert werden können. Die hierin enthaltenen Informationen bzw. Meinungen stellen weder ein Verkaufsangebot noch eine Aufforderung zu einem Kaufangebot für jegliche Anlageprodukte dar; ebenso dürfen derartige Anlageprodukte jeglichen Personen in Rechtsgebieten, in denen solche Angebote, Aufforderungen, Käufe oder Verkäufe rechtswidrig sind, weder angeboten noch verkauft werden. Ausführlichere Erläuterungen zu den Einschränkungen, die mit einer Anlage in die einzelnen Produkte verbunden sind, enthält der jeweilige Prospekt der Anlageprodukte. Mir ist ebenfalls bewusst, dass Morgan Stanley Investment Management weder garantiert noch gewährleistet, dass jegliche Informationen auf dieser Website korrekt oder vollständig oder für einen bestimmten Zweck geeignet sind.

Anträge für Anteile in den auf der Website erwähnten Fonds sollten nur auf Grundlage der Informationen gestellt werden, die im jeweiligen Verkaufsprospekt, Jahres- und Halbjahresbericht enthalten sind (\u201eAngebotsunterlagen\u201d).

Die auf der Website dargelegten Informationen entsprechen nach bestem Wissen von Morgan Stanley Investment Management Limited (das hierbei alle angemessene Sorgfalt hat walten lassen) den Tatsachen und es wurde nichts ausgelassen, das sich auf die Bedeutung dieser Informationen auswirken könnte. Morgan Stanley Investment Management und seine verbundenen Unternehmen haften jedoch weder für die Richtigkeit dieser Informationen noch für Fehler oder Auslassungen durch Dritte.

Um die Nutzung von Anlagefonds für Geldwäsche zu verhindern, gelten für im Finanzsektor tätige Personen besondere Verpflichtungen. Vor diesem Hintergrund ist ein Verfahren zur Identifizierung von Fondszeichnern vorgeschrieben. Morgan Stanley Investment Management Limited hat das Recht, eine Überprüfung und sonstige relevante Sicherheitskontrollen durchzuführen, um den Verpflichtungen nachzukommen, denen im Finanzsektor tätige Personen in Bezug auf Geldwäsche und Finanzkriminalität unterliegen.

Ich erkenne an, dass weder Morgan Stanley Investment Management Limited noch jedwede verbundenen Unternehmen für Verluste haften, die direkt oder indirekt durch eingesehene Informationen infolge meiner falschen oder irrtümlichen Wiedergabe entstehen. Durch die Annahme dieser Vereinbarung bestätige ich ebenfalls mein Einverständnis mit den Nutzungsbedingungen, die ich gelesen und verstanden habe. Sofern die vorstehende Vereinbarung korrekt ist, klicken Sie bitte auf \u201eStimme zu\u201c, um fortzufahren; klicken Sie andernfalls auf \u201eLehne ab\u201c, um zur Startseite zurückzukehren.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquiditätsgeschäft","disclaimer":"

","order":"2"}},"name":"de","title":"German","order":"1"},"en":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Qualified Investor","disclaimer":"

This section of the Website and its content is strictly restricted to Qualified Investors within the meaning of the Federal Act on Collective Investment Schemes (CISA) and the Federal Ordinance on Collective Investment Schemes (CISO) as well as in accordance with the most recent interpretation by the Swiss Financial Market Supervisory Authority FINMA and the competent courts.

Qualified Investors are defined in art. 10 para. 3 a-d, 3bis, 3ter CISA (such as regulated financial intermediaries, regulated insurance institutions, public entities and retirement benefits institutions with professional treasury, companies with professional treasury operations, high-net-worth individuals who have declared in writing that they wish to be deemed qualified investors and investors who have concluded a written discretionary management agreement).

I represent that I am accessing this Website from Switzerland and that I am a Qualified Investor as defined above. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents').

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Business","disclaimer":"

","order":"2"}},"name":"en","title":"English","order":"2"},"fr":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Investisseur Qualifié ","disclaimer":"

Cette section du Site Web et son contenu est strictement limitée aux investisseurs qualifiés au sens de la loi fédérale sur les placements collectifs de capitaux (LPCC) et l'ordonnance fédérale sur les placements collectifs de capitaux (OPCC) ainsi que conformément à l'interprétation la plus récente par l'Autorité fédérale de surveillance des marchés financiers FINMA et les tribunaux compétents.

Les investisseurs qualifiés sont définis à l'art. 10 para. 3 a-d, 3bis, 3ter LPCC (tels que les intermédiaires financiers réglementés, les institutions d'assurance réglementées, les entités publiques et les institutions de retraite ayant une trésorerie professionnelle, les sociétés ayant des activités de trésorerie professionnelle, les particuliers fortunés qui ont déclaré par écrit qu'ils souhaitent être considérés comme des investisseurs qualifiés et les investisseurs qui ont contracté un mandat de gestion discrétionnaire écrit).

Je déclare accéder à ce Site Web depuis la Suisse et être un investisseur qualifié tel que défini ci-dessus. Je comprends que les informations fournies par ce site relatives aux produits d\u2019investissement de Morgan Stanley Investment Management ne sont pas destinées aux personnes relevant de toute juridiction dans laquelle la distribution des produits d\u2019investissement ou la communication des informations afférentes n\u2019est pas autorisée, et ne sont pas destinées à être distribuées auprès de ces personnes, ni à être utilisées par elles. Je comprends également que les informations fournies par ce site ne sont pas destinées aux individus pouvant être définis comme des « investisseurs particuliers » par l\u2019autorité de réglementation du pays depuis lequel se fait l\u2019accès au site web. Les informations ou opinions figurant dans le présent document ne doivent pas être interprétées comme une offre de vente, ni comme une invitation à acheter un produit d\u2019investissement. Par ailleurs, ces produits d\u2019investissement ne peuvent être proposés ou vendus à une personne relevant d\u2019une juridiction dans laquelle une telle offre, une telle invitation, un tel achat ou une telle vente seraient interdits. Vous trouverez de plus amples informations sur les restrictions associées à chaque produit d\u2019investissement dans les prospectus correspondants. Je comprends également que Morgan Stanley Investment Management ne garantit ni n\u2019affirme que les informations fournies par ce site web sont exactes, complètes ou adaptées à un usage particulier

Les demandes de souscription d'actions de l'un des Compartiments mentionnés sur le Site Internet ne doivent être faites que sur la base des informations contenues dans le Prospectus, le Rapport annuel et le Rapport semestriel respectifs (' Documents d'offre ').

Les informations présentées sur le site Web sont, à la connaissance de Morgan Stanley Investment Management Limited (qui a dûment veillé à ce que ce soit le cas), conformes à la réalité et ne comportent aucune omission susceptible d'affecter la portée et l'exactitude des informations ainsi présentées. Toutefois, aucune garantie d'exactitude n'est donnée et Morgan Stanley Investment Management ou les membres affiliés n'acceptent aucune responsabilité pour toute erreur ou omission de tiers.

J\u2019admets que ni Morgan Stanley Investment Management Limited ni l\u2019une de ses filiales ne pourront être tenus responsables de toute perte découlant directement ou indirectement d\u2019un accès à des informations à la suite d\u2019une fausse déclaration ou d\u2019une déclaration erronée de ma part. En validant cette déclaration, je confirme également accepter les Conditions d\u2019utilisation, que j\u2019ai lues et comprises. Si la déclaration ci-dessus est correcte, merci de cliquer sur « J\u2019accepte » ci-dessous pour continuer. Dans le cas contraire, merci de cliquer sur « Je refuse » pour revenir à la page d\u2019accueil.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Gestion Monétaire","disclaimer":"

","order":"2"}},"name":"fr","title":"French","order":"3"}},"region":"Europe & Middle East","title":"Switzerland","order":"27"},"cl":{"defaultLanguage":"en","name":"cl","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from the Chile for the purpose of acquiring information for an Institutional Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Americas","title":"Chile","order":"2"},"cn":{"defaultLanguage":"zh","name":"cn","language":{"zh":{"role":{"chinese-investor":{"name":"chinese-investor","title":"摩根士丹利投资管理公司","disclaimer":"

本人声明，本人从中华人民共和国（以下称\u201c中国\u201d，就本免责声明而言不含香港地区、澳门地区和台湾地区）访问本网站，且本人符合合格投资者（定义见下文）*要求，可以获取信息之目的访问本网站。

本人理解，本网站中所含与由摩根士丹利投资管理公司管理或提供咨询的投资产品有关的信息并非面向或者意图分发给或供在未授权分销此类投资产品或未允许传播与此类投资产品有关信息的辖区的个人使用。本声明中所含信息或意见不应被解释为销售要约或购买任何投资产品的邀约，且任何此类投资产品亦不得向在法律将该等要约、邀请、购买或销售视为非法的辖区的任何人提供或出售。有关投资于各投资产品的限制的更详细解释参见各投资产品的相关发行文件。本人亦理解，摩根士丹利并不保证或声明本网站所含任何信息准确、完整或适合任何特定目的。

本人确认，摩根士丹利投资管理或任何关联公司均不对因本人的虚假或错误陈述而获取的任何信息所直接或间接造成的任何损失承担任何责任。本人亦确认，接受本声明即表示本人同意使用条款，且本人已阅读和理解其内容。若上述声明正确，请点击下方的\u201c我同意\u201d继续，或者请点击下方的\u201c我不同意\u201d返回主页。

本网站的本部分内容仅面向合格投资者。点击\u201c我同意\u201d即表示您声明并保证 (i) 您是符合此定义的合格投资者或代表合格投资者行事，且 (ii) 您访问本网站未违反适用于您（或您代表其行事的人员）的任何中国法律或法规。如果您不是该等合格投资者，您确认并理解，本网站所含信息并非面向您提供，且摩根士丹利投资管理亦无法向您提供有关其服务或产品的任何信息。

本人确认，某些域外法律可能限制本人是否可以合法参与某些投资，且如有必要，本人有责任获得与此有关的法律建议。

*合格投资者是指获得中国法律或法规允许或者经过主管的中国监管当局批准可进行海外投资的中国实体或个人。

","order":"1"}},"name":"zh","title":"Chinese","order":"1"}},"region":"Asia Pacific","title":"China","order":"7"},"gr":{"defaultLanguage":"en","name":"gr","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Greece for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Greece","order":"17"},"it":{"defaultLanguage":"it","name":"it","language":{"it":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Italy for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I acknowledge and understand that the information contained on this site is not intended for, and should not be accessed by, U.S. persons.

I agree and understand that the information contained on this site may not be reproduced or otherwise transmitted in whole or in part without the prior written consent of Morgan Stanley.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

I acknowledge that no Morgan Stanley Investment Management entity or any affiliate will have any liability for any losses arising directly or indirectly from any information accessed as a result of my false or erroneous representation. By accepting these representations I also confirm my agreement to the Terms of Use, which I have read and understood. If the above representations are correct, please click 'I Agree' below to continue, otherwise please click 'I Disagree' below to return to the home page.

*Institutional Investor means (as interpreted under Annex II Part I of Directive 2014/65/EU (\u201cMiFID\u201d)): (a) a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme or management company of such scheme, pension fund or management company of such fund, commodity or commodity derivatives dealer, or other institutional investor, in each case which is required to be authorised or regulated to operate in financial markets; (b) a large undertaking meeting at least two of the following size requirements on a company basis: (i) balance sheet total of EUR 20 million, (ii) net turnover of EUR 40 million or (iii) own funds of EUR 2 million, acting on its own account; or (c) a national or regional government, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations, acting on its own account.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"},"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

PER I SOGGETTI CLASSIFICATI COME \u201cINVESTITORI RETAIL\u201d AI SENSI DELLA DIRETTIVA 2011/61/UE (\u201cAIFMD\u201d), O GLI INVESTITORI CHE ALTRIMENTI NON RIENTRANO NELLA DEFINIZIONE DI \u201cINVESTITORI ISTITUZIONALI/PROFESSIONALI\u201d (SECONDO LA DEFINIZIONE FORNITA DI SEGUITO), E CHE NECESSITANO DI EVENTUALI CHIARIMENTI IN MERITO A UN INVESTIMENTO NEI PRODOTTI DI MORGAN STANLEY INVESTMENT MANAGEMENT, È CONSIGLIABILE RIVOLGERSI A UN CONSULENTE O INTERMEDIARIO FINANZIARIO AUTORIZZATO. QUALORA NON SIA POSSIBILE RIVOLGERSI A UN CONSULENTE O INTERMEDIARIO FINANZIARIO AUTORIZZATO E SI NECESSITI DI ASSISTENZA, INVIARE UN\u2019E-MAIL ALL\u2019INDIRIZZO CSLUX@MORGANSTANLEY.COM

Dichiaro di accedere a questo sito web dall\u2019Italia, di operare a titolo personale in base a un mandato discrezionale di gestione degli investimenti e di soddisfare i requisiti in quanto Investitore professionale secondo la definizione fornita in prosieguo. Sono consapevole che le informazioni contenute nel presente sito possono riguardare prodotti d\u2019investimento di Morgan Stanley Investment Management ma non si rivolgono, né sono destinate alla distribuzione a, o all\u2019utilizzo da parte di, soggetti ubicati in giurisdizioni in cui la distribuzione di prodotti d\u2019investimento non è autorizzata o in cui non è consentita la diffusione di informazioni relative ai prodotti d\u2019investimento.

Sono altresì consapevole che le informazioni contenute nel presente sito non sono destinate ad alcun soggetto diverso da un Investitore istituzionale/professionale (ad esempio, un \u201cinvestitore retail\u201d ai sensi dell\u2019AIFMD) del paese da cui si accede al sito.

Riconosco e accetto che le informazioni contenute nel presente sito non possono essere riprodotte o altrimenti trasmesse in toto o in parte senza il previo consenso scritto di Morgan Stanley.

Le informazioni o le opinioni contenute nel presente sito non devono essere considerate come una comunicazione pubblicitaria né rappresentano un\u2019offerta di vendita o una sollecitazione di un\u2019offerta ad acquistare alcun prodotto d\u2019investimento, né tali prodotti d\u2019investimento possono essere offerti o venduti ad alcun soggetto in una giurisdizione in cui tale offerta, sollecitazione, acquisto o vendita siano illegittimi ai sensi delle leggi vigenti. Tutti i prodotti di investimento sono soggetti a restrizioni dettagliate associate all\u2019investimento che sono riportate nel prospetto relativo a ciascun prodotto di investimento.

Sono inoltre consapevole che Morgan Stanley Investment Management non fornisce alcuna dichiarazione o garanzia circa l\u2019accuratezza, la completezza o l\u2019idoneità per qualsiasi finalità specifica delle informazioni contenute nel presente sito web.

Morgan Stanley Investment Management impone obblighi ai professionisti del settore finanziario al fine di prevenire l\u2019uso improprio di fondi di investimento per il riciclaggio di denaro, tra cui l\u2019adozione di procedure per l\u2019identificazione dei sottoscrittori e lo svolgimento di attività di verifica e di altri controlli di sicurezza pertinenti.

Sono consapevole che nessuna entità di Morgan Stanley Investment Management né alcuna sua consociata potranno essere considerate responsabili di perdite derivanti direttamente o indirettamente da informazioni ottenute in conseguenza di una mia falsa o erronea interpretazione. Accettando le presenti dichiarazioni, confermo anche la mia accettazione delle \u201cCondizioni di utilizzo\u201d, che ho letto e compreso. Se le dichiarazioni sopra riportate sono corrette, selezionare \u201cAccetto\u201d per continuare, oppure selezionare \u201cNon accetto\u201d per tornare alla pagina iniziale.

*Il termine Investitore professionale indica (ai sensi dell\u2019Allegato II Parte I della Direttiva 2014/65/UE (\u201cMiFID\u201d)): (a) enti creditizi, imprese di investimento, altri istituti finanziari autorizzati o regolamentati, imprese di assicurazione, organismi di investimento collettivo e società di gestione di tali organismi, fondi pensione e società di gestione di tali fondi, negoziatori per conto proprio di merci e strumenti derivati su merci o altri investitori istituzionali, in ciascun caso che sono tenuti a essere autorizzati o regolamentati per operare nei mercati finanziari; (b) le imprese di grandi dimensioni che ottemperano, a livello di singola società, ad almeno due dei seguenti criteri dimensionali: (i) totale di bilancio: EUR 20 milioni, (ii) fatturato netto: EUR 40 milioni o (iii) fondi propri: EUR 2 milioni, che agiscono per proprio conto; o (c) i governi nazionali e regionali, compresi gli enti pubblici incaricati della gestione del debito pubblico a livello nazionale o regionale, le banche centrali, le istituzioni internazionali e sovranazionali come la Banca mondiale, l\u2019FMI, la BCE, la BEI e altre organizzazioni internazionali analoghe, che agiscono per proprio conto.

Si osservi che la definizione di Investitore istituzionale/professionale potrebbe non essere una definizione fornita dall\u2019autorità di regolamentazione del paese da cui si accede al sito web.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from Italy for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"3"}},"name":"it","title":"Italian","order":"1"}},"region":"Europe & Middle East","title":"Italy","order":"19"},"es":{"defaultLanguage":"es","name":"es","language":{"es":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

Declaro que accedo a este sitio web desde España, que intervengo por cuenta propia con base en un mandato de gestión discrecional de inversiones y que satisfago los requisitos para que se me considere inversor institucional, según la definición que se le atribuye seguidamente a este término. Entiendo que la información incluida en este sitio puede referirse a los productos de inversión de Morgan Stanley Investment Management, pero que no está dirigida a, no tiene como fin que se distribuya entre, ni debe utilizarse por personas ubicadas en jurisdicciones en que no esté autorizada la distribución de los productos de inversión o en que no esté permitida la difusión de información sobre los productos de inversión.

También entiendo que la información incluida en este sitio no está dirigida a ninguna parte que no sea un inversor institucional (por ejemplo, un \u201cinversor minorista\u201d) según el regulador del país de origen desde el que se accede al sitio web.

La información o las opiniones aquí incluidas no deben interpretarse como comunicación publicitaria, oferta de venta o invitación para suscribir productos de inversión; además, no se ofrecerán ni se venderán productos de inversión a personas ubicadas en jurisdicciones en que dichas oferta, invitación, suscripción o venta sean ilegales conforme a las leyes de la jurisdicción de que se trate. Todas las inversiones están sujetas a restricciones relativas a cada producto, que se detallan en el folleto de cada uno de ellos. También entiendo que Morgan Stanley Investment Management no garantiza ni asegura que la información incluida en este sitio web sea exacta, completa o adecuada para un fin en particular.

Se imponen obligaciones a los profesionales del sector financiero para evitar el uso de los fondos de inversión con fines de blanqueo de capitales. En este contexto, se ha impuesto un procedimiento para la identificación de los suscriptores. Morgan Stanley Investment Management Limited podrá llevar a cabo tareas de verificación y otros controles de seguridad pertinentes con el fin de cumplir las obligaciones impuestas a los profesionales del sector financiero en relación con el blanqueo de capitales y los delitos financieros.

Reconozco que ni Morgan Stanley Investment Management Limited ni ninguna filial tendrán ninguna responsabilidad por pérdidas derivadas directa o indirectamente de información a la que se acceda como resultado de una declaración falsa o errónea por mi parte. Al aceptar estas declaraciones, también confirmo que estoy de acuerdo con las Condiciones de Uso, las cuales he leído y comprendo. Si las declaraciones anteriores son correctas, haga clic seguidamente en \u201cEstoy de acuerdo\u201d para continuar; en caso contrario, haga clic en \u201cNo estoy de acuerdo\u201d para volver a la página principal.

*Se entiende por \u201cinversor institucional\u201d la entidad de crédito, la sociedad de inversión, la entidad financiera autorizada o regulada, la compañía aseguradora, el organismo de inversión colectiva y la sociedad de gestión, el fondo de pensiones y su sociedad de gestión, el agente de materias primas y de derivados de materias primas o la empresa de grandes dimensiones que presenta, al menos, dos de las siguientes características: (i) un balance total de más de 20 millones de EUR, (ii) una facturación neta de más de 40 millones de EUR o (iii) más de 2 millones de EUR de fondos propios, que intervenga por su propia cuenta, y gobiernos nacionales y regionales, incluidos organismos públicos que gestionan deuda pública a escalas nacional o regional, bancos centrales, organismos internacionales y supranacionales como el Banco Mundial, el FMI, el BCE, el BEI y demás organizaciones internacionales análogas, en actuación por cuenta propia, conforme a interpretación según la MiFID.

Tenga en cuenta que es posible que la definición de \u201cinversor institucional\u201d no sea la definición prevista por el regulador del país de origen desde el cual se accede al sitio web.

","order":"1"}},"name":"es","title":"Spanish","order":"1"}},"region":"Europe & Middle East","title":"Spain","order":"25"},"at":{"defaultLanguage":"de","name":"at","language":{"de":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

Hiermit bestätige ich, dass ich diese Website von einem Standort in Österreich aus besuche, in meinem eigenen Namen auf Basis eines mir übertragenen Vermögensverwaltungsmandats handle und über die erforderlichen Qualifikationen eines institutionellen Anlegers gemäß der nachstehenden Erklärung verfüge. Mir ist bewusst, dass sich die Informationen dieser Website möglicherweise auf die Anlageprodukte von Morgan Stanley Investment Management beziehen, jedoch nicht für Personen bestimmt sind, nicht an Personen ausgegeben werden bzw. nicht von Personen genutzt werden dürfen, die Rechtsordnungen unterstehen, in denen die Anlageprodukte nicht zum Vertrieb zugelassen oder die Verbreitung von Informationen zu den Anlageprodukten verboten sind.

Ich erkenne an, dass weder Morgan Stanley Investment Management Limited noch seine verbundenen Unternehmen für Verluste haften, die direkt oder indirekt durch den Zugriff auf Informationen infolge meiner falschen oder fehlerhaften Angaben entstehen. Durch die Annahme dieser Erklärungen bestätige ich ebenfalls mein Einverständnis mit den Terms of Use, die ich gelesen und verstanden habe. Sofern die vorstehenden Erklärungen korrekt sind, klicken Sie bitte auf \u201eStimme zu\u201c, um fortzufahren; klicken Sie andernfalls auf \u201eLehne ab\u201c, um zur Startseite zurückzukehren.

*Der Begriff Institutioneller Anleger bezeichnet ein Kreditinstitut, eine Investmentgesellschaft, ein zugelassenes oder beaufsichtigtes Finanzinstitut, eine Versicherungsgesellschaft, eine kollektive Kapitalanlage bzw. eine Verwaltungsgesellschaft für kollektive Kapitalanlagen, einen Pensionsfonds bzw. eine Gesellschaft zur Verwaltung dieser Fonds, einen Waren- und Warenderivate-Händler oder ein großes Unternehmen, das mindestens zwei der folgenden Merkmale aufweist: (i) eine Jahresbilanz von mehr als 20 Mio. EUR, (ii) einen Nettoumsatz von mehr als 40 Mio. EUR oder (iii) mehr als 2 Mio. EUR an Eigenmitteln, auf eigene Rechnung handelnd oder im Namen einer Zentral- oder Regionalregierung, einschließlich öffentlicher Einrichtungen, die öffentliche Schuldtitel auf nationaler oder lokaler Ebene verwalten, Zentralbanken, internationale und supranationale Institutionen wie die Weltbank, der IWF, die EZB, die EIB und andere ähnliche internationale Organisationen, die auf eigene Rechnung im Sinne der Finanzrichtlinie MiFID handeln.

Bitte beachten Sie, dass die Definition eines institutionellen Anlegers von der Definition der Regulierungsbehörde des Landes abweichen kann, von dem aus auf die Website zugegriffen wird.

","order":"1"}},"name":"de","title":"German","order":"1"}},"region":"Europe & Middle East","title":"Austria","order":"11"},"au":{"defaultLanguage":"en","name":"au","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Professional Investor","disclaimer":"

The material presented within this website is for informational purposes only and does not contend to address the financial objectives, situation or specific needs of any individual investor. Nothing within this site is to be construed as an offer to sell or a solicitation to buy any products, investments, security, or trading strategy, nor does this information constitute investment advice or recommendations with respect to any products, investments, security, or trading strategy.There can be no assurance that any Fund or strategy will achieve its investment objectives or that there will be any return of capital. Performance may be volatile, and an investor could lose all or a substantial portion of his or her investment. Any potential investor must completely review the applicable offering materials for the relevant product.

An investment in Morgan Stanley\u2019s alternative investment products requires that the investor meet certain suitability standards and, therefore, investing within Alternative Investments may not be suitable for all investors. To invest with Morgan Stanley alternative investments, an investor must demonstrate that it meets all applicable suitability standards, including the standard that it is an investor sufficiently sophisticated in business and financial affairs so that such investor can understand, and evaluate such investor's suitability with respect to, its investment with the alternative investment. The investor must be a resident in jurisdictions where the investment or offering of investment would not be contrary to local laws or regulations.

Alternative investments are speculative and involve a high degree of risk and may engage in the use of leverage, short sales, and derivatives. Derivatives can be illiquid, may disproportionately increase losses and may have a potentially large negative impact on the portfolio's performance. Employing leverage may result in increased volatility. These investments are designed for investors who understand and are willing to accept these risks. Performance may be volatile, and an investor could lose all or a substantial portion of his or her investment.

Investments in foreign markets entail special risks such as currency, political, economic, and market risks. The risks of investing in emerging-market countries are greater than the risks generally associated with foreign investments.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Asia Pacific","title":"Australia","order":"6"},"la":{"defaultLanguage":"en","name":"la","language":{"en":{"role":{"intermediary-investor":{"name":"intermediary-investor","title":"Professional Investor","disclaimer":"

I represent that I am accessing this Website related to information from Latin America managed by Morgan Stanley Distribution, Inc. I represent that I am an Institutional or Professional Investor as defined by the regulator of my home country, as applicable. The securities, products and services contained in this site are not registered and will not be registered in the Securities Commission, Exchange or any governmental or similar authority in my jurisdiction. Furthermore these securities, products or services are not regulated or supervised in my jurisdiction. I understand the information contained in this site pertaining to the securities, products or services of Morgan Stanley Investment Management is for my sole, private and exclusive use and is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which such products or services are not authorized for distribution or in which the dissemination of information regarding such securities, products or services is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any securities, product or service, nor shall any such securities, products or services be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each services, product or service is located in the prospectus for each product or service. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Americas","title":"Latin America","order":"3"},"pe":{"defaultLanguage":"en","name":"pe","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Peru for the purpose of acquiring information for an Institutional Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"}},"name":"en","title":"English","order":"1"}},"region":"Americas","title":"Peru","order":"4"},"nl":{"defaultLanguage":"en","name":"nl","language":{"en":{"role":{"institutional-investor":{"name":"institutional-investor","title":"Institutional Investor","disclaimer":"

I represent that I am accessing this Website from Netherlands for the purpose of acquiring information, am acting on my own account and that I satisfy the qualification of an Institutional Investor (as defined below)*. I understand the information contained in this site may pertain to certain products managed or advised by entities of Morgan Stanley Investment Management but is neither directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted.

I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"1"},"liquidity-investor":{"name":"liquidity-investor","title":"Liquidity Investor","disclaimer":"

I represent that I am accessing this Website from the Netherlands for the purpose of acquiring information for a Liquidity Investor*. I understand the information contained in this site pertaining to the investment products of Morgan Stanley Investment Management is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorised for distribution or in which the dissemination of information regarding the investment products is not permitted. I also understand that the information contained in this site is not directed to any party that may be defined as a \u2018retail investor\u2019 by the home regulator of the country where the website is being accessed. The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any investment product, nor shall any such investment products be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. A more detailed explanation of the restrictions associated with investing in each investment product is located in the prospectus for each investment product. I also understand that Morgan Stanley Investment Management does not warrant or represent that any information contained on this website is accurate, complete, or fit for any particular purpose.

The Website is not directed to persons who are residents of the United States or to any country where the sub-funds of the Morgan Stanley Liquidity Funds and the Short Maturity Euro Bond Fund, a sub-fund of Morgan Stanley Investment Funds (collectively referred to as 'the Funds') are not authorised for distribution or in which the dissemination of information regarding the Funds on the World Wide Web is not permitted.

If you have accessed this Website via a link from another site, Morgan Stanley Liquidity Funds and Morgan Stanley Investment Management Limited are not responsible for the accuracy of information contained within the sites of other providers which have links to any page of this Website.

Applications for shares in any of the Funds referred to on the Website should be made only on the basis of the information contained in the respective Prospectus, Annual Report and Semi-Annual report ('Offering Documents') relating to the Morgan Stanley Liquidity Funds and Morgan Stanley Investment Funds.

The Offering Documents and additional information are available from the following offices:

Morgan Stanley Investment Management Ltd
6B route de Treves L-2633 Senningerberg
Luxembourg

The information contained on the Website is to the best of the knowledge of Morgan Stanley Investment Management Limited (who have taken all reasonable care to ensure that this is the case) in accordance with the facts and does not omit anything likely to affect the import of such information. However, no warranty of accuracy is given and no liability in respect of any errors or omissions created by any third party is accepted by Morgan Stanley Investment Management or its affiliates.

*Liquidity Investor [a corporate, professional or other non-private investor acting on its own account]

Please note, the definition of a Liquidity Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.

","order":"2"}},"name":"en","title":"English","order":"1"}},"region":"Europe & Middle East","title":"Netherlands","order":"21"}}

{ "United States": { "de":"Vereinigte Staaten", "fr":"Etats-Unis", "it":"Stati Uniti", "es":"Estados Unidos", "el":"Ηνωμένες Πολιτείες", "pt":"Estados Unidos", "ja":"米国", "zh":"美国" }, "Americas": { "de":"Nord- und Südamerika", "fr":"Amérique", "it":"Americhe", "es":"América", "el":"Αμερική", "pt":"Américas", "ja":"南北アメリカ", "zh":"美洲" }, "English": { "de":"Englisch", "fr":"Anglais", "it":"Inglese", "es":"Inglés", "el":"English", "pt":"English", "ja":"英語", "zh":"English" }, "Individual Investor": { "de":"Individual Investor", "fr":"Individual Investor", "it":"Individual Investor", "es":"Individual Investor", "el":"Individual Investor", "pt":"Individual Investor", "ja":"Individual Investor", "zh":"Individual Investor" }, "Financial Advisor": { "de":"Anlageberater", "fr":"Conseiller financier", "it":"Investitore professionale", "es":"Inversor Profesional", "el":"Χρηματοοικονομικός Σύμβουλος", "pt":"Consultor Financeiro", "ja":"Financial Advisor", "zh":"Financial Advisor" }, "RIA & Bank 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"Latin America": { "de":"Lateinamerika", "fr":"Amérique latine", "it":"America latina", "es":"America latina", "el":"Latin America", "pt":"Latin America", "ja":"ラテンアメリカ", "zh":"拉丁美洲" }, "Americas": { "de":"Nord- und Südamerika", "fr":"Amérique", "it":"Americhe", "es":"América", "el":"Αμερική", "pt":"Américas", "ja":"南北アメリカ", "zh":"美洲" }, "English": { "de":"Englisch", "fr":"Anglais", "it":"Inglese", "es":"Inglés", "el":"English", "pt":"English", "ja":"英語", "zh":"English" }, "Professional Investor": { "de":"Finanzberater", "fr":"Investisseur professionnel", "it":"Investitore professionale", "es":"Inversor profesional", "el":"Professional Investor", "pt":"Professional Investor", "ja":"Professional Investor", "zh":"Professional Investor" }, "Peru": { "de":"Peru", "fr":"Pérou", "it":"Perù", "es":"Perú", "el":"Peru", "pt":"Peru", "ja":"ペルー", "zh":"秘鲁" }, "Americas": { "de":"Nord- und Südamerika", "fr":"Amérique", "it":"Americhe", "es":"América", "el":"Αμερική", "pt":"Américas", "ja":"南北アメリカ", "zh":"美洲" }, "English": { "de":"Englisch", "fr":"Anglais", "it":"Inglese", "es":"Inglés", "el":"English", "pt":"English", "ja":"英語", "zh":"English" }, "Institutional Investor": { "de":"Institutioneller Investor", "fr":"Investisseur institutionnel", "it":"Investitore istituzionale", "es":"Inversor institucional", "el":"Θεσμικός επενδυτής", "pt":"Investidor Institucional", "ja":"Institutional Investor", "zh":"Institutional Investor" }, "Americas Offshore": { "de":"Nord- und Südamerika Offshore", "fr":"Amérique offshore", "it":"Americhe offshore", "es":"América offshore", "el":"Americas Offshore", "pt":"Americas Offshore", "ja":"アメリカス・オフショア", "zh":"美国境外" }, "Americas": { "de":"Nord- und Südamerika", "fr":"Amérique", "it":"Americhe", "es":"América", "el":"Αμερική", "pt":"Américas", "ja":"南北アメリカ", "zh":"美洲" }, "English": { "de":"Englisch", "fr":"Anglais", "it":"Inglese", "es":"Inglés", "el":"English", "pt":"English", "ja":"英語", "zh":"English" }, "Professional Investor": { 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"de":"China", "fr":"Chine", "it":"Cina", "es":"China", "el":"China", "pt":"China", "ja":"中国", "zh":"中国内地" }, "Asia Pacific": { "de":"Asien-Pazifik", "fr":"Asie-Pacifique", "it":"Asia Pacifico", "es":"Asia Pacífico", "el":"Ασία-Ειρηνικός", "pt":"Ásia Pacífico", "ja":"アジア太平洋", "zh":"亚太地区 " }, "Chinese": { "de":"Chinese", "fr":"Chinese", "it":"Chinese", "es":"Chinese", "el":"Chinese", "pt":"Chinese", "ja":"Chinese", "zh":"Chinese" }, "摩根士丹利投资管理公司": { "de":"摩根士丹利投资管理公司", "fr":"摩根士丹利投资管理公司", "it":"摩根士丹利投资管理公司", "es":"摩根士丹利投资管理公司", "el":"摩根士丹利投资管理公司", "pt":"摩根士丹利投资管理公司", "ja":"摩根士丹利投资管理公司", "zh":"摩根士丹利投资管理公司" }, "Hong Kong SAR": { "de":"Hong Kong SAR", "fr":"Hong Kong SAR", "it":"Hong Kong SAR", "es":"Hong Kong SAR", "el":"Hong Kong SAR", "pt":"Hong Kong SAR", "ja":"香港", "zh":"香港特别行政区" }, "Asia Pacific": { "de":"Asien-Pazifik", "fr":"Asie-Pacifique", "it":"Asia Pacifico", "es":"Asia Pacífico", "el":"Ασία-Ειρηνικός", "pt":"Ásia Pacífico", "ja":"アジア太平洋", "zh":"亚太地区 " }, "English": { 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"Liquidity Investor": { "de":"Geldmarktinvestor ", "fr":"Investisseur en monétaire", "it":"Investitore monetario", "es":"Inversor de liquidez", "el":"Liquidity Investor", "pt":"Liquidity Investor", "ja":"Liquidity Investor", "zh":"Liquidity Investor" }, "Switzerland": { "de":"Schweiz", "fr":"Suisse", "it":"Svizzera", "es":"Suiza", "el":"Ελβετία", "pt":"Suíça", "ja":"スイス", "zh":"瑞士" }, "Europe & Middle East": { "de":"Europa & Naher Osten", "fr":"Europe et Moyen-Orient", "it":"Europa e Medio Oriente", "es":"Europa y Oriente Medio", "el":"Europe & Middle East", "pt":"Europe & Middle East", "ja":"ヨーロッパおよび中東", "zh":"欧洲和中东" }, "German": { "de":"Deutsch", "fr":"Allemand", "it":"Tedesco", "es":"Alemán", "el":"German", "pt":"German", "ja":"ドイツ語", "zh":"German" }, "Qualifizierter Investor ": { "de":"Qualifizierter Investor ", "fr":"Qualifizierter Investor ", "it":"Qualifizierter Investor ", "es":"Qualifizierter Investor ", "el":"Qualifizierter Investor ", "pt":"Qualifizierter Investor ", "ja":"Qualifizierter Investor ", "zh":"Qualifizierter Investor " }, "Liquiditätsgeschäft": { "de":"Liquiditätsgeschäft", "fr":"Liquiditätsgeschäft", "it":"Liquiditätsgeschäft", "es":"Liquiditätsgeschäft", "el":"Liquiditätsgeschäft", "pt":"Liquiditätsgeschäft", "ja":"Liquiditätsgeschäft", "zh":"Liquiditätsgeschäft" }, "English": { "de":"Englisch", "fr":"Anglais", "it":"Inglese", "es":"Inglés", "el":"English", "pt":"English", "ja":"英語", "zh":"English" }, "Qualified Investor": { "de":"Qualified Investor", "fr":"Qualified Investor", "it":"Qualified Investor", "es":"Qualified Investor", "el":"Qualified Investor", "pt":"Qualified Investor", "ja":"Qualified Investor", "zh":"Qualified Investor" }, "Liquidity Business": { "de":"Liquidity Business", "fr":"Liquidity Business", "it":"Liquidity Business", "es":"Liquidity Business", "el":"Liquidity Business", "pt":"Liquidity Business", "ja":"Liquidity Business", "zh":"Liquidity Business" }, "French": { "de":"Französisch", "fr":"Français", "it":"Francese", "es":"Francés", "el":"French", "pt":"French", "ja":"フランス語", "zh":"French" }, "Investisseur Qualifié ": { "de":"Investisseur Qualifié ", "fr":"Investisseur Qualifié ", "it":"Investisseur Qualifié ", "es":"Investisseur Qualifié ", "el":"Investisseur Qualifié ", "pt":"Investisseur Qualifié ", "ja":"Investisseur Qualifié ", "zh":"Investisseur Qualifié " }, "Gestion Monétaire": { "de":"Gestion Monétaire", "fr":"Gestion Monétaire", "it":"Gestion Monétaire", "es":"Gestion Monétaire", "el":"Gestion Monétaire", "pt":"Gestion Monétaire", "ja":"Gestion Monétaire", "zh":"Gestion Monétaire" }, "United Kingdom": { "de":"Großbritannien", "fr":"Royaume-Uni", "it":"Regno Unito", "es":"Reino Unido", "el":"Ηνωμένο Βασίλειο", "pt":"Reino Unido", "ja":"イギリス", "zh":"英国" }, "Europe & Middle East": { "de":"Europa & Naher Osten", "fr":"Europe et Moyen-Orient", "it":"Europa e Medio Oriente", "es":"Europa y Oriente Medio", "el":"Europe & Middle East", "pt":"Europe & Middle East", "ja":"ヨーロッパおよび中東", "zh":"欧洲和中东" }, "English": { "de":"Englisch", "fr":"Anglais", "it":"Inglese", "es":"Inglés", "el":"English", "pt":"English", "ja":"英語", "zh":"English" }, "Institutional Investor": { "de":"Institutioneller Investor", "fr":"Investisseur institutionnel", "it":"Investitore istituzionale", "es":"Inversor institucional", "el":"Θεσμικός επενδυτής", "pt":"Investidor Institucional", "ja":"Institutional Investor", "zh":"Institutional Investor" }, "Professional Investor": { "de":"Finanzberater", "fr":"Investisseur professionnel", "it":"Investitore professionale", "es":"Inversor profesional", "el":"Professional Investor", "pt":"Professional Investor", "ja":"Professional Investor", "zh":"Professional Investor" }, "Liquidity Investor": { "de":"Geldmarktinvestor ", "fr":"Investisseur en monétaire", "it":"Investitore monetario", "es":"Inversor de liquidez", "el":"Liquidity Investor", "pt":"Liquidity Investor", "ja":"Liquidity Investor", "zh":"Liquidity Investor" }, "I Agree": { "de":"Stimme zu", "fr":"J'accepte", "it":"Accetto", "es":"Estoy de acuerdo", "el":"Συμφωνώ", "pt":"Aceito", "ja":"同意する", "zh":"我同意" }, "I Disagree": { "de":"Lehne ab", "fr":"Je refuse", "it":"Non accetto", "es":"No estoy de acuerdo", "el":"Διαφωνώ", "pt":"Não aceito", "ja":"同意しません", "zh":"我不同意" }, "Language:": { "de":"Sprache", "fr":"La langue", "it":"Lingua", "es":"Idioma", "el":"Language", "pt":"Language", "ja":"言語", "zh":"Language:" }, "---Americas---": { "de":"---Americas---", "fr":"---Americas---", "it":"---Americas---", "es":"---Americas---", "el":"---Americas---", "pt":"---Americas---", "ja":"---南北アメリカ---", "zh":"---美洲---" }, "---Asia Pacific---": { "de":"---Asien-Pazifik---", "fr":"---Asie-Pacifique---", "it":"---Asia Pacifico---", "es":"---Asia Pacífico---", "el":"---Asia Pacific---", "pt":"---Ásia Pacífico---", "ja":"---アジア太平洋---", "zh":"---亚太地区---" }, "---Europe & Middle East---": { "de":"---Europa & Naher Osten---", "fr":"---Europe et Moyen-Orient---", "it":"---Europa e Medio Oriente---", "es":"---Europa y Oriente Medio---", "el":"---Europe & Middle East---", "pt":"---Europe & Middle East---", "ja":"---ヨーロッパおよび中東---", "zh":"---欧洲和中东---" }, "Location:": { "de":"Sitz:", "fr":"Lieu:", "it":"Sede:", "es":"Gestionado desde:", "el":"Location:", "pt":"Location:", "ja":"国・都市:", "zh":"所在地:" }, "Before accessing the site, please choose from the following options.": { "de":"Bitte wählen Sie eine der folgenden Optionen, bevor Sie diese Website besuchen.", "fr":"Avant d’accéder au site, merci de choisir l’une des options suivantes.", "it":"Prima di accedere al sito, scegliere tra le opzioni seguenti.", "es":"Antes de acceder al sitio, elija entre las siguientes opciones.", "el":"Before accessing the site, please choose from the following options.", "pt":"Before accessing the site, please choose from the following options.", "ja":"サイトにアクセスする前に、次のオプションから選択してください。", "zh":"在访问网站之前，请从以下选项中进行选择。" } }