Morgan Stanley Investment Management has launched a buy-and-hold fixed income fund with a defined term of four years targeting investors with lower tolerance for volatility.
The fund, Morgan Stanley Investment Funds Global Buy and Hold 2020 Bond, will invest in a global diversified portfolio of government bonds, investment grade, high yield corporate bonds and emerging market debt. It aims to provide investors with a regular income over four years and is structured in three phases: an asset gathering period from 21 October to 9 December, principal investment period from 2016-2020, and post-investment period from January to June 2021. It is also run on a two-pillar approach which aims to reduce correlation risk and add diversification. The investment appro...
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