Morgan Stanley launches commodity fund
The actively managed mutual fund seeks to capture returns that have a low correlation to the bond and equity markets.
Morgan Stanley Investment Management today announced the launching of a fund aimed at high-net-worth investors.
The Morgan Stanley Commodities Alpha Fund will be an actively managed mutual fund that seeks to capture returns that typically have a low correlation to the bond and equity markets.
The new fund will pursue continuous exposure to the commodities market in sectors such as agriculture, energy, industrial metals and livestock through commodities-linked, fixed-income and money-market instruments, the company said.
“As individual investors are increasingly seeking allocations to alternative investment strategies that can provide an added layer of portfolio diversification and the potential for attractive returns, we are extremely pleased to add this strategy to our fund lineup,” Randy Takian, head of the retail and intermediary business at Morgan Stanley Investment Management, said in a statement.
New York-based Morgan Stanley Investment Management and its investment advisory affiliates managed roughly $577 billion in assets as of Feb. 29.
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