Navigating The Curve

Global Macro: Managing the Portfolio

Navigating The Curve

November 24, 2025

Navigating The Curve

Global Macro: Managing the Portfolio

November 24, 2025

Nov 2025

Who is the investment team and how do they manage the portfolio?

The investment process seeks to harness all three of the team’s competitive advantages: scour the largest investment universe, focus on idea generation, and capture trading alpha. Watch this video to learn more.

DISTRIBUTION
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The views and opinions and/or analysis expressed are those of the author or the investment team as of the date of preparation of this material and are subject to change at any time without notice due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring, after the date of publication. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) and its subsidiaries and affiliates (collectively “the Firm”), and may not be reflected in all the strategies and products that the Firm offers.

Forecasts and/or estimates provided herein are subject to change and may not actually come to pass. Information regarding expected market returns and market outlooks is based on the research, analysis and opinions of the authors or the investment team. These conclusions are speculative in nature, may not come to pass and are not intended to predict the future performance of any specific strategy or product the Firm offers. Future results may differ significantly depending on factors such as changes in securities or financial markets or general economic conditions.

This material has been prepared on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. However, no assurances are provided regarding the reliability of such information and the Firm has not sought to independently verify information taken from public and third-party sources.

This material is a general communication, which is not impartial and all information provided has been prepared solely for informational and educational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision.

Matt Murphy

Managing Director

Emerging Markets Debt Team

Fixed Income Team

Our capabilities are driven by six specialized teams that span the global fixed income capital markets. Each specialized team has the autonomy to implement its own approach while centralized resources allow them to focus on driving investment excellence.

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