Morgan Stanley Investment Management or MSIM has announced that the Morgan Stanley Global Infrastructure Fund has reopened to new U.S. investors. MSIM intends to make a similar strategy available to international investors later in 2009.
According to MSIM, the Morgan Stanley Global Infrastructure Fund is an infrastructure US mutual fund designed to provide exposure to publicly traded infrastructure securities.
The fund’s investment universe consists of approximately 800 stocks and provides exposure to the infrastructure sectors as defined by the S&P Global Industry Classification Standard (GICS), as well as a range of communication stocks and other companies that are likely to benefit from infrastructure spending, according to the company.
The Morgan Stanley Global Infrastructure Fund is managed by the quantitative and structured solutions (QSS) equity investment team led by Michael Nolan, managing director and lead portfolio manager of the Morgan Stanley Global Infrastructure Fund.
Randy Takian, managing director and head of Morgan Stanley retail and intermediary distribution in the U.S., said: Gaining exposure to publicly traded infrastructure companies via the Morgan Stanley Global Infrastructure Fund allows investors access to this attractive growth story with lower capital requirements, greater diversification potential, daily liquidity and transparency. We believe infrastructure is one of several alternative investment opportunities that can enhance our investors’ portfolio efficiency, increasing return per unit of risk.
