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

Important information

  • The Fund invests primarily in equity securities of issuers in emerging market countries, including frontier market countries, and upcoming developing markets.
  • Investment involves risks. Key risks for this fund include Risk of Investment in Equity, Emerging Market Risk, Exchange Rate Risk and Risk of Exposure tothe Euro and Eurozone.
  • There is a risk that you may potentially lose your entire investment in this Fund.
  • The investment decision is yours but you should not invest unless the intermediary who sells it to you has advised you that it is suitable for you and hasexplained why, including how buying it would be consistent with your investment objectives. You should not make any investment decision solely based onthis document. Please read the relevant offering document carefully for further fund details including risk factors.
 
 
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 30-Nov-2023 		44.31 EUR
Net Asset Value:
as of 30-Nov-2023 		64.97 EUR
Share Class Launch Date: 01-Jun-2005
Share Class Assets (MM):
as of 30-Nov-2023 		0.03 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 focus on overlooked areas of frontier and small emerging markets. Our goal is to identify the next generation of investment ideas and secular themes based on growth potential, consumer demand and large addressable markets, yet which remain underinvested by global equity investors. Based on an integrated top-down and bottom-up process, we run a concentrated portfolio of high quality companies which we believe have the capacity to generate attractive and sustainable returns over the long-term.
 
-2.19
Alpha (%)
42
Turnover (%)
13.44
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-Oct-2023

As of 30-Nov-2023

As of 31-Oct-2023

As of 30-Nov-2023


Performance of 100 EUR invested
Performance of 100 EUR invested
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Average Annual Total Returns As of 31-Oct-2023 As of 30-Sep-2023
 
 TIMEFRAME:
 
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class AX EUR (%) -8.68 1.51 0.93 0.70 3.71
Blended Benchmark (%) -1.47 3.98 -0.06 -0.59 2.99
MSCI Frontier Emerging Markets Net Index (%) -1.47 2.15 0.04 1.62 2.81
1 YR 3 YRS 5 YRS 10 YRS Since Inception
Share Class AX EUR (%) -1.93 1.92 1.19 1.90 4.16
Blended Benchmark (%) 5.11 4.55 0.07 0.38 3.30
MSCI Frontier Emerging Markets Net Index (%) 5.11 4.92 0.76 2.46 3.12
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Share Class AX EUR (%) -33.45 33.60 -6.08 23.57 -15.33 15.03 10.71 5.74 -7.61 10.44
Blended Benchmark (%) -23.06 26.97 -14.60 17.64 -11.81 9.40 23.53 -10.93 -3.41 -9.26
MSCI Frontier Emerging Markets Net Index (%) -12.81 12.21 -10.70 16.19 -10.29 11.37 8.14 -8.99 22.07 -0.23
Average Annual Total Returns

As of 31-Oct-2023
TIMEFRAME Share Class AX EUR (%) Blended Benchmark (%) MSCI Frontier Emerging Markets Net Index (%)
1 Yr -8.68 -1.47 -1.47
3 Yrs 1.51 3.98 2.15
5 Yrs 0.93 -0.06 0.04
10 Yrs 0.70 -0.59 1.62
Since Inception 3.71 2.99 2.81
As of 30-Sep-2023
TIMEFRAME Share Class AX EUR (%) Blended Benchmark (%) MSCI Frontier Emerging Markets Net Index (%)
1 Yr -1.93 5.11 5.11
3 Yrs 1.92 4.55 4.92
5 Yrs 1.19 0.07 0.76
10 Yrs 1.90 0.38 2.46
Since Inception 4.16 3.30 3.12
TIMEFRAME Share Class AX EUR (%) Blended Benchmark (%) MSCI Frontier Emerging Markets Net Index (%)
2022 -33.45 -23.06 -12.81
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 -8.99
2014 -7.61 -3.41 22.07
2013 10.44 -9.26 -0.23

 
 
Risk/Return Statistics

TIMEFRAME:
    Share Class AX Index
Alpha (%) -2.19 --
Beta 0.91 1.00
Excess Return (%) -2.47 --
Information ratio -0.18 --
R squared 0.55 1.00
Sharpe ratio 0.04 0.20
Volatility (Standard deviation) (%) 19.89 16.12
Tracking error (%) 13.44 --
Up-capture ratio (%) 72.33 100.00
Down-capture ratio (%) 83.16 100.00
Risk/Return statistics shown are calculated versus the Blended Benchmark when an Index is used in the calculation.
 
 
 
 
Composition 4 As of 31-Oct-2023
  Fund Index
Information Technology 21.42 0.27
Financials 20.27 39.45
Consumer Staples 14.09 7.42
Consumer Discretionary 13.09 1.94
Communication Services 10.14 5.21
Materials 6.00 9.88
Health Care 4.21 3.32
Energy 4.13 5.17
Industrials 0.96 12.13
Cash 5.61 --
  Fund Index
> $20B 11.69 3.64
$7-20B 19.93 31.08
$3.5-7B 18.48 27.51
$1-3.5B 21.31 21.94
< $1B 28.59 15.82
 
May not sum to 100% due to the exclusion of other assets and liabilities.


Geography4 As of 31-Oct-2023

  Fund Index
Vietnam 20.11 15.29
Poland 16.41 --
Indonesia 14.38 --
United States 9.35 --
Kazakhstan 9.26 4.94
Philippines 9.20 23.27
United Kingdom 2.90 --
Pakistan 2.69 1.88
Kenya 2.46 1.23
Other 7.57 53.40
Cash 5.61 --
 
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-Oct-2023

Fund Index
FPT Corp 7.88 --
PT Bank Mandiri Tbk 5.01 --
11 Bit Studios S.A. 4.78 --
Text S.A. 4.53 --
PT Medikaloka Hermina Tbk 4.21 --
Kaspi.KZ JSC 4.15 2.72
NAC Kazatomprom JSC 4.13 1.58
Century Pacific Food Inc 4.04 --
Grupa Kety S.A. 3.97 --
MercadoLibre Inc 3.95 --
Total 46.65 --

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 (%) 87.29 --
Number of holdings 31 222
5 year EPS growth (%) 11.35 10.46
Price/earnings (NTM) 11.75 8.72
Return on equity (%) 27.54 15.88
Turnover (%) 42 --
Portfolio turnover is sourced from the fund's current prospectus. View current prospectus for the as of date.
 
 
 

** 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.

NTM = Next Twelve Months

 

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.

It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.

The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.


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