Morgan Stanley Investment Management (MSIM) has announced the launch of two new funds, the MSINVF Short Maturity Euro Corporate Bond Fund and the MSINVF Global Credit Opportunities Fund. Both funds are listed as SFDR article 8.
The Short Maturity Euro Corporate Bond Fund’s investment objective is to provide an attractive rate of relative return, measured in Euros, by investing predominantly in short-dated investment grade corporates with maturities or call dates of less than three years. The fund aims to offer an attractive return whilst looking to reduce the volatility associated with longer maturity fixed income securities. The Global Credit Opportunities Fund’s investment objective is to provide an attractive level of total return, measured in USD, by investing across a wide spectrum of fixed income securities.
The fund is unconstrained by its reference benchmark (the Bloomberg Global Aggregate Corporate Index) and is able to dynamically allocate within the broad global credit universe and aims to actively capture best-ideas across a large opportunity set, whilst mitigating drawdown risk. Both funds are actively managed and focused on delivering secure investment rates for investors looking to safeguard their investments over the medium and long term. The funds consider issuer sustainability factors as an integral part of the research and an assessment of sustainability-related risks and opportunities are incorporated into the investment process.
The fund teams are led by Richard Ford, MSIM’s co-head of broad markets fixed income, who has had over 32 years of industry experience. Ford said, “We have seen a growing appetite among European investors for flexible credit strategies and have designed the Short Maturity Euro Corporate Bond and Global Credit Opportunities funds to meet this demand. Both funds seek to provide investors with a flexible, active approach and we believe they will help to deliver strong risk adjusted returns over the medium and long term for our clients.”
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