Morgan Stanley IM calls time on China Equity fund
According to Morningstar Direct, MS INVF China Equity reached a peak in assets under management of £12.2m in January 2021.
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.
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The Luxembourg-domiciled fund was launched in August 2019 and had been co-managed by Amay Hattangadi and Leon Sun since March 2021.
Both also run the £20.2m MS INVF China A-Shares fund, the £30.7m Eaton Vance Greater China Growth fund and the £24.1m MS INVF Sustainable Asia Equity fund.
According to Morningstar Direct, MS INVF China Equity reached a peak in assets under management of £12.2m in January 2021.
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