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Morgan Stanley reopens flagship Global Brands fund

Morgan Stanley reopens flagship Global Brands fund

Morgan Stanley Investment Management has reopened the Morgan Stanley Global Brands fund as spare capacity has become available, the company has confirmed.

The Morgan Stanley Global Brands fund was launched in October 2000 and reached $9 billion before it was soft-closed to new retail investments at the end of December 2012.

The fund is managed by a team headed by William Lock, who previously held a Citywire + rating. The team includes Christian Derold, Bruno Paulson, Vladimir Demine, Dirk Hoffmann-Becking and Marcus Watson.

In a letter to shareholders, the company said it was reopened on October 1 after capacity became available in the strategy.

Commenting on the reopening, Lock said: ‘We have long taken a conservative approach to capacity management and will continue to do so to protect investment returns.’

According to the latest fund factsheet, the top geographical holding is the United States at 50.376% followed by the UK at 25.84%. In terms of companies, the biggest firm in the fund is the Swiss food company Nestle at 9.43% followed by British American Tobacco at 8.79%.

The Morgan Stanley Global Brands fund returned 22.78% in US dollar terms over the three years to the end of September 2015. Its Citywire-assigned benchmark, the FTSE World Europe, rose 21.15% over the same timeframe.

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