Morgan Stanley Investment Management (MSIM) has launched the Morgan Stanley Investment Funds (MS INVF) Developing Opportunity Fund.Developing Opportunity is a high-conviction, concentrated portfolio that seeks to invest in undervalued, high quality companies located or operating in developing market countries. Led by Kristian Heugh, the Global Opportunity team invests across capitalisations, sectors and geographies (including Greater China, India and Brazil). The team’s bottom-up stock selection focuses on companies with sustainable competitive advantages and long-term growth that creates value. The Global Opportunity team is part of the Counterpoint Global platform, which seeks long-term capital appreciation by investing primarily in established and emerging companies throughout the world.
Developing Opportunity offers investors the same potential long-term capital appreciation that has underpinned the strong success of MSIM’s high-performing Global Opportunity Fund. “The hallmark of our investment team is understanding how companies can monetise their uniqueness over time. By aiming to own a concentrated portfolio of high quality businesses purchased at a substantial discount to our estimate of intrinsic value, we believe we can capture opportunities and manage risk across equity market cycles,” says Kristian Heugh, Managing Director and Head of the Global Opportunity team.
Richard Lockwood, Managing Director and Head of Sales for Northern Europe, says: “We are excited to bring the Developing Opportunity Fund to our clients in the UK, Kristian and his team are truly active managers with a fantastic track record in their flagship product, Global Opportunity. In an environment where investors are having to navigate increasing amounts of products, both active and passive, it has never been so important to provide them with clear ideas and solutions that help to address their investment needs.
“The investment process integrates analysis of sustainability with respect to disruptive change, financial strength, environmental and social externalities and governance (also referred to as ESG). The Fund invests primarily in companies with capitalisations within the range of companies included in the MSCI Emerging Markets Net Index.”