Morgan Stanley Investment Management has launched a flexible multi-sector fixed income strategy focused on sectors often underrepresented in traditional core portfolios.
The fund, Morgan Stanley Investment Funds’ Strategic Income Fund sub-fund, is currently registered in France, Germany, Italy, Ireland, Japan, Luxembourg, Singapore, Spain, Switzerland and the UK.
The fund seeks diversified exposure across a range of global fixed income sectors, including securitised instruments, corporate and government bonds, emerging market and frontier market debt, as well as currencies.
The strategy aims to deliver total return in US dollars through investments across global fixed income markets.
The strategy is managed by Andrew Szczurowski, Justin Bourgette and Brian Shaw from the firm’s mortgage and securitised, high yield and emerging markets debt teams.
Bridging the fixed income-tech gap
“Introducing the Strategic Income fund to the MS INVF umbrella is a natural next step as we continue to expand our global fixed income footprint with a focus on addressing investor needs,” said Vittorio Ambrogi, head of international wealth and global head of financial institutions at Morgan Stanley Investment Management. “We believe that this fund brings together the best investment ideas sourced from across our established and deeply resourced global fixed income platform and considers changing market dynamics like heightened volatility, ongoing geopolitical risks and inflationary concerns.”
“Active management and flexibility are critical to our investment philosophy and together provide the opportunity to study broader trends playing out across markets and build a diversified portfolio that adapts as the market changes,” said Szczurowski, who also serves as co-head of MSIM’s mortgage and securitised investment team. “Strategic Income Fund aims to add risk-adjusted value by seeking to offer investors lower volatility and targeted exposure to opportunities unearthed by market dislocations with a focus on ‘plus’ sectors, which are often underrepresented in traditional, core fixed income portfolios.”
