Morgan Stanley Investment Management (MSIM) has launched two multi-asset funds for UK investors, the Morgan Stanley OEIC Global Balanced Sustainable Fund and the Morgan Stanley OEIC Global Balanced Income Fund.
Both funds will be managed by the Global Balanced Risk Control team, which currently has £18 billion assets under management.
The Morgan Stanley OEIC Global Balanced Sustainable fund will invest in a multi-asset portfolio made up of equity securities, fixed income securities and money market instruments.
It will invest in companies that contribute to a low carbon economy, with the goal to decarbonise the portfolio’s core equity exposures according to a 1.5°C scenario, targeting net zero by 2050.
The Global Balanced Income fund manages a broad asset mix, targeting a yield of 4% per annum. It will invest in a diverse set of liquid global asset classes, whilst adjusting weights to meet risk targets as market conditions change.
The fund launches mark a key milestone for MSIM, having launched 10 OEICs for UK investors.
Andrew Harmstone, head of the global balanced risk control strategy at MSIM, said: “At the core of both the Global Balanced Sustainable Fund and the Global Balanced Income Fund is the delivery of long-term growth and attractive returns for investors.
“Through the Global Balanced Sustainable Fund, we have also sought to positively impact society by targeting investments with the explicit intention of generating a measurable positive environmental and social impact, aligned with 11 of the UN SDGs, a focus on decarbonisation and an effective engagement approach to deliver value to our stakeholders.”
Richard Lockwood, head of distribution for Northern Europe at MSIM, added: “This is another example of the importance and commitment MSIM places on the UK market for future growth.
“The Global Balanced Risk Control team has a strong track-record across their funds, delivering attractive returns and stable income whilst providing downside protection in volatile markets.
“Both funds aim to invest actively across the broad investment universe, which allows the team to make use of tactical opportunities and achieve attractive returns in comparison to its benchmark-constrained peers. We know that investors want to invest in solutions to the world’s sustainability challenge while simultaneously seeking consistent income in a low yielding environment. This makes both funds ideal solutions for investors in the UK.”
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