Morgan Stanley IM launches long-term emerging market fund

Developing Opportunity fund

Morgan Stanley Investment Management has launched the Developing Opportunity fund, which seeks long-term capital appreciation from emerging market companies.

Led by Kristian Heugh, the fund targets "undervalued, high-quality companies" in emerging markets across capitalisations, sectors and geographies within the MSCI Emerging Markets Net index. Morgan Stanley IM opens $700m Global Sustain strategy to UK investors A focus on bottom-up stock selection leads the team to search for firms with sustainable competitive advantages and "long-term growth that creates value". The investment process will also integrate analysis of sustainability in regards to "disruptive change, financial strength, environmental and social externalities, and gover...