Products & Performance Morgan Stanley Investment Funds Emerging Markets Equity NextGen Emerging Markets Fund

NextGen Emerging Markets Fund

Share Class :
 
ISIN: LU0218443736
Marketing Communication
Products & Performance Morgan Stanley Investment Funds Emerging Markets Equity NextGen Emerging Markets Fund
NextGen Emerging Markets Fund
Marketing Communication
ISIN: LU0218443736
Share Class :

NextGen Emerging Markets Fund

SHARE CLASS :
ISIN: LU0218443736
 

Marketing Communication

 
 
Fund Facts
Asset Class: Emerging Markets Equity
Morningstar Category:1 EAA Fund Other Equity
Blended Index:2 Blended Benchmark
Benchmark:2 MSCI Frontier Emerging Markets Net Index
SFDR Classification:♰♰ Article 8
Fund Launch Date: 16-Oct-2000
Fund Base Currency: EUR
Fund Assets (MM):
as of 12-Aug-2022 		52.68 EUR
Net Asset Value:
as of 12-Aug-2022 		73.14 EUR
Share Class Launch Date: 01-Jun-2005
Share Class Assets (MM):
as of 12-Aug-2022 		0.06 EUR
Fund Codes
CUSIP: L65225341
ISIN: LU0218443736
Bloomberg: MOREEAX LX
Sedol: B07RHM4
Valoren: 2164103
Reuters: 0#MSEME
Lipper: 65010932
WKN: A1CUPG
Fees & Expenses 3
Max Entry Charge: 5.75 %
Ongoing Charges: 1.89 %
Management Fee: 1.60 %
Minimum Initial Investment: 0 USD
Minimum Subsequent Investment: 0 USD
Investment Objective
Long term growth of your investment.
Investment Approach
We look for the next generation investment ideas in emerging and frontier markets. We focus on overlooked consumer markets in the early stages of the digital revolution, which offers significant business opportunities for innovative companies, and a path towards more sustainable development. Based on a rigorous and repeatable investment process, we run a concentrated portfolio of dynamic companies with the capacity to generate attractive and sustainable returns to investors over the long-term.
 
2.99
Alpha (%)
42
Turnover (%)
12.60
Tracking error (3 yr) (%)
Jun '05
Share Class Launch Date

The value of the investments and the income from them will vary and there can be no assurance that the Fund will achieve its investment objectives.

 
 
Pricing & Performance

Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management. Please click here for additional performance disclosures and important information, which should be reviewed carefully.

The Blended Index performance shown is calculated using the MSCI EM Europe, Middle East Gross Index from inception through 31 December 2000, the MSCI EM Europe Middle East Net Index through 16 April 2008, the MSCI Emerging Europe, Middle East and Africa Net Index through 15 May 2022 and the MSCI Frontier Emerging Markets Net Index thereafter.

As of 31-Jul-2022

As of 12-Aug-2022

As of 31-Jul-2022

As of 12-Aug-2022


Performance of 100 EUR invested
Performance of 100 EUR invested
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Average Annual Total Returns As of 31-Jul-2022 As of 30-Jun-2022
 
 TIMEFRAME:
 
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class AX EUR (%) -24.15 -0.25 0.40 3.23 4.59
Blended Benchmark (%) -13.06 -3.20 0.31 0.18 3.62
MSCI Frontier Emerging Markets Net Index (%) 4.39 -2.87 0.78 -- --
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class AX EUR (%) -26.71 -1.80 -0.48 3.18 4.28
Blended Benchmark (%) -16.44 -3.97 -0.01 0.33 3.40
MSCI Frontier Emerging Markets Net Index (%) -3.53 -3.32 -0.23 -- --
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Share Class AX EUR (%) 33.60 -6.08 23.57 -15.33 15.03 10.71 5.74 -7.61 10.44 19.30
Blended Benchmark (%) 26.97 -14.60 17.64 -11.81 9.40 23.53 -10.93 -3.41 -9.26 19.99
MSCI Frontier Emerging Markets Net Index (%) 12.21 -10.70 16.19 -10.29 11.37 8.14 -- -- -- --
Average Annual Total Returns

As of 31-Jul-2022
TIMEFRAME Share Class AX EUR (%) Blended Benchmark (%) MSCI Frontier Emerging Markets Net Index (%)
1 Yr -24.15 -13.06 4.39
3 Yrs -0.25 -3.20 -2.87
5 Yrs 0.40 0.31 0.78
10 Yrs 3.23 0.18 --
Since Inception 4.59 3.62 --
As of 30-Jun-2022
TIMEFRAME Share Class AX EUR (%) Blended Benchmark (%) MSCI Frontier Emerging Markets Net Index (%)
1 Yr -26.71 -16.44 -3.53
3 Yrs -1.80 -3.97 -3.32
5 Yrs -0.48 -0.01 -0.23
10 Yrs 3.18 0.33 --
Since Inception 4.28 3.40 --
TIMEFRAME Share Class AX EUR (%) Blended Benchmark (%) MSCI Frontier Emerging Markets Net Index (%)
2021 33.60 26.97 12.21
2020 -6.08 -14.60 -10.70
2019 23.57 17.64 16.19
2018 -15.33 -11.81 -10.29
2017 15.03 9.40 11.37
2016 10.71 23.53 8.14
2015 5.74 -10.93 --
2014 -7.61 -3.41 --
2013 10.44 -9.26 --
2012 19.30 19.99 --

 
 
Risk/Return Statistics

TIMEFRAME:
    Share Class AX Index
Alpha (%) 2.99 --
Beta 1.01 1.00
Excess Return (%) 2.95 --
Information ratio 0.23 --
R squared 0.75 1.00
Sharpe ratio 0.01 -0.13
Volatility (Standard deviation) (%) 25.24 21.56
Tracking error (%) 12.60 --
Up-capture ratio (%) 99.94 100.00
Down-capture ratio (%) 90.81 100.00
Risk/Return statistics shown are calculated versus the Blended Benchmark when an Index is used in the calculation.
 
 
 
 
Composition 4 As of 31-Jul-2022
  Fund Index
Information Technology 25.51 0.22
Consumer Discretionary 13.91 6.85
Financials 12.21 48.32
Communication Services 11.72 10.26
Consumer Staples 9.15 3.71
Materials 8.22 14.96
Energy 4.64 5.96
Health Care 2.09 1.70
Cash 12.18 --
  Fund Index
> $20B 19.89 32.06
$7-20B 23.74 26.41
$3.5-7B 21.09 21.18
$1-3.5B 15.71 19.97
< $1B 19.58 0.39
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Geography4 As of 31-Jul-2022

  Fund Index
United States 17.92 --
Vietnam 14.76 --
Poland 13.69 4.83
Indonesia 12.20 --
South Africa 7.51 27.45
Kenya 4.42 --
Singapore 3.99 --
Bangladesh 2.54 --
Kazakhstan 2.49 --
Other 7.93 67.72
Cash 12.18 --
 
May not sum to 100% due to the exclusion of other assets and liabilities.
If you would like to request more recent information on the fund, including regional allocations, please email emeacrmteam@morganstanley.com.


Holdings As of 31-Jul-2022

Fund Index
PT Bank Mandiri Tbk 5.26 --
FTP Corp 5.25 --
Mobile World Investment Corp 5.21 --
Mercadolibre Inc 4.97 --
Industri Jamu dan Farmasi Sido Muncul Tbk PT 4.86 --
EPAM Systems Inc 4.77 --
Safaricom Plc 4.42 --
Capitec Bank Holdings Ltd 4.41 1.24
Vietnam Dairy Products JSC 4.29 --
Grid Dynamics Holdings Inc 4.20 --
Total 47.64 --

These securities and percentage allocations are only for illustrative purposes and do not constitute, and should not be construed as, investment advice or recommendations with respect to the securities or investments mentioned.


Portfolio Characteristics
Fund Index
Active share (%) 95.57 --
Number of holdings 24 146
Price/earnings (NTM) 13.89 10.53
5 year EPS growth (%) 12.32 5.87
Turnover (%) 42 --
Portfolio turnover is sourced from the fund's current prospectus. View current prospectus for the as of date.
 
 
Portfolio Managers
Steven Quattry
Steven Quattry
Executive Director
18 years industry experience
Jorge Chirino
Jorge Chirino
Executive Director
16 years industry experience

Effective May 16, 2022, Eric Carlson and Paul Psaila no longer serve as a Portfolio Managers on the Portfolio. Effective May 16 2022, Steven Quattry was added as Co-Lead Portfolio Manager on the Portfolio.
 
 
Insights by NextGen Emerging Markets Team
 
 
 

** Calendar Year Return (%) is available by selecting the fund name in the pricing table.

Please visit our Glossary page for fund related terms and definitions.

Performance data quoted is based on average annualized returns and net of fees.

The source for all performance and index data is Morgan Stanley Investment Management Limited.

Past performance is not indicative of future results. The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested. Returns may increase or decrease as a result of currency fluctuations. Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ. Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and key facts statement (KFS) contains this and other information about the fund. Please read the prospectus and KFS carefully before you invest.

2 The Blended Index performance shown is calculated using the MSCI EM Europe, Middle East Gross Index from inception through 31 December 2000, the MSCI EM Europe Middle East Net Index through 16 April 2008, the MSCI Emerging Europe, Middle East and Africa Net Index through 15 May 2022 and the MSCI Frontier Emerging Markets Net Index thereafter.

The MSCI EM Europe, Middle East Index captures large and mid-cap representation across 8 Emerging Markets (EM) countries in Europe and Middle East.

The MSCI Emerging Markets Europe, Middle East and Africa Net Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the emerging market countries of Europe, the Middle East & Africa.

The MSCI Frontier Emerging Markets Net Index is a free float adjusted market capitalization index designed to serve as a benchmark covering all countries from the MSCI Frontier Markets Index and the lower size spectrum of the MSCI Emerging Markets Index.

The indexes are unmanaged and do not include any expenses, fees or sales charges. It is not possible to invest directly in an index.

3 Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. The Minimum Initial Investment/Minimum Subsequent Investment amounts may be in US Dollars (or the Euro Yen or Sterling equivalent of the US Dollar amount). For more information please see the Charges and Expenses section of the prospectus.

4 May not sum to 100% due to rounding. For additional information regarding sector classification/definitions please visit www.msci.com/gics and the glossary page. Cash & Equivalents are defined as the value of assets that can be converted into cash immediately. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments.  Such instruments are considered cash equivalents because they are deemed liquid and not subject to significant risk of changes in values.

Effective 16 May, 2022, the Morgan Stanley Investment Funds Emerging Europe Middle East and Africa Fund was renamed to Morgan Stanley Investment Funds NextGen Emerging Markets Fund, with an expanded investment universe to include equity securities of companies operating in emerging market countries, which include frontier emerging market countries, and an updated investment approach to reflect top-down allocations are made at the macro and thematic levels. Please see the prospectus for more details.

This communication was issued by Morgan Stanley Asia Limited for use in Hong Kong, and its contents have not been reviewed by the Securities & Futures Commission of Hong Kong.

Only A and C share classes of the Fund are authorized by the Securities & Futures Commission of Hong Kong to be offered to the public in Hong Kong. 

WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities. By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements.

 

WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest (such as a put feature). Accordingly, WAL reflects how a portfolio would react to deteriorating credit (widening spreads) or tightening liquidity conditions.

 
♰♰

This Fund is classified as an Article 8 product under the Sustainable Finance Disclosure Regulation. Article 8 products are those which promote environmental or social characteristics and which integrate sustainability into the investment process in a binding manner.

This is a Marketing Communication.

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