Morgan Stanley IM calls time on China Equity fund

Lack of investor interest

Morgan Stanley Investment Management has called time on its £5.7m China Equity fund due to its small size and lack of investor interest.

In a letter to investors seen by Investment Week, the firm said that all shares in the MS INVF China Equity fund would be compulsorily redeemed on or around 15 December. "We hereby give you notice that the current level of assets of the fund does not provide for sufficient economies of scale and that the continued operation of the fund in these circumstances is not in the best interests of shareholders," the firm said.  Morgan Stanley IM launches two European fixed income Article 8 funds The Luxembourg-domiciled fund was launched in August 2019 and had been co-managed by Amay Hatta...