Morgan Stanley IM unveils enhanced income version of $7bn Global Brands fund

To be managed by William Lock

Morgan Stanley Investment Management has launched the Global Brands Equity Income fund, an enhanced income version of its $7bn Global Brands vehicle.

The aim of the new fund will be to deliver a yield of 4% per annum, which will be achieved via a combination of dividends from high quality stocks and premiums from index overwriting options. The vehicle will be managed by William Lock (pictured), head of MSIM's international equity team, alongside Bruno Paulson and Dirk Hoffmann-Becking. It will focus on companies which deliver a high return on capital and are capital light, meaning they can afford to maintain their payouts to shareholders. Morgan Stanley IM launches multi-asset ESG fund duo The company said this should allow t...