Morgan Stanley Investment Management Launches Global Premier Credit Fund
LONDON -- January 8, 2013
Morgan Stanley Investment Management (MSIM) today announced the launch of the
Morgan Stanley Investment Funds (MS INVF) Global Premier Credit Fund. The fund
seeks to generate attractive risk-adjusted returns by investing in “Premier
Credit,” the corporate debt issued by businesses characterized by dominant
franchises or leading industry positions, low capital intensity and strong
balance sheets. It is designed to help manage risk for investors against
excessive business cycle shifts.
Commenting on the launch, Christian Roth, Global Head of Credit for MSIM,
said, “The lack of clarity on the outlook for the global economy continues to
generate volatility in the financial markets. With global sovereign debt now
under intense scrutiny from investors, we believe there is scope for a product
with the potential to provide investors with modest relative returns over the
business cycle while protecting them from market pressures and extreme
To build the portfolio and identify Premier Credit, the portfolio managers
leverage fundamental research from MSIM’s Global Fixed Income team.
Additionally, the new fund employs proprietary quantitative tools to screen
the credit universe and continually monitor high quality issuers, resulting in
a strong platform from which to assess credit quality.
Richard Ford, European Head of Credit for MSIM, continued, “The Global Premier
Credit Fund aims to be an effective strategy to help investors wanting to
diversify from government debt, by seeking higher yields through capturing the
credit premium of the highest quality credits with limited volatility and
default risk. For investors looking for a customised approach to corporate
credit, this fund can be the principal allocation of a global credit
portfolio, with a more opportunistic credit allocation to take advantage of
Paul Price, Head of International Distribution for MSIM, added, “The Global
Premier Credit Fund complements MSIM’s Global Fixed Income product range and
demonstrates a breadth of talent from a fixed income team that can respond to
financial market conditions with products of significant interest to
institutional and intermediary investors.”
Arthur Lev, Head of the Long-Only Business for MSIM, concluded, “MSIM's
Long-Only franchise consistently looks to leverage the tremendous depth of our
investment teams to introduce new products serving our clients’ needs and
demands. The Global Premier Credit Fund displays the capabilities of our
experienced investment professionals and builds on the strong momentum in our
Global Fixed Income business.”
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