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Prudent Corporate Advisory Services — Morgan Stanley Investment Management — Investor Presentation (January 2012)
23 slides from Prudent Corporate Advisory Services's investor presentation, Jan 17, 2012
Slide 1: Morgan Stanley Multi-Asset Fund
Morgan Stanley Investment Management Morgan Stanley Multi-Asset Fund (An open-ended Debt Scheme) Invest in Debt, Equity and Gold NFO Opens: Jan. 17, 2012 NFO Closes: Jan. 31, 2012 Page 1
Slide 2: Table of Contents
Morgan Stanley Investment Management Table of Contents Section 1 Why A Multi Asset Fund? Section 2 Investment Strategy, Process And Fund Facts Section 3 Biographies Section 4 Risk Factors Page 2
Slide 3: Why A Multi Asset Fund?
Morgan Stanley Investment Management Section 1 Why A Multi Asset Fund? Page 3
Slide 4: Returns (%)
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Past performance does not guarantee future performance Pre tax returns Historic returns tend to bias investors towards the asset class which has the best near-term 41.2 returns. Returns from various asset classes vary with economic cycles
Slide 5: Asset class returns vary across economic cycles
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Asset class returns vary across economic cycles; sticking to one asset class across cycles erodes value Returns during boom-bust economic cycles over the last 17 years. During the last 17 years of liberalization, capital markets in India h
Slide 6: Why does diversification across asset classes make sense?
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Why does diversification across asset classes make sense? Correlation between various assets over 15 year period. Gold has added a new third Low/negative correlation between equity and debt with gold helps reduce risk. dimension to the oth
Slide 7: Our take…
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Our take… • Over the last 15 years, various asset-class returns have varied significantly during different phases of economic cycle. • Investors often end up timing the market, investing in the asset class which has given the best near-ter
Slide 8: Presenting Morgan Stanley Multi Asset Fund
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Presenting Morgan Stanley Multi Asset Fund The Fund will endeavor to give consistent returns over market cycles and with lower volatility • The Fund has two plans – Plan A to invest in Debt, Equity – Plan B to invest in Debt, Equity and Go
Slide 9: Asset class diversification leads to much better risk adjusted returns
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Asset class diversification leads to much better risk adjusted returns 5 years (Medium Term) 10 years 15 years (Long Term) Return % Std. Dev.% Return/Risk Return % Std. Dev. % Return/Risk Return % Std. Dev. % Return/Risk Nifty 4.09 30.17 0
Slide 10: Multi Asset strategies have been consistent during all boom-bust cycles
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Multi Asset strategies have been consistent during all boom-bust cycles ICICI Sec. Ibex combined with Nifty and Gold in different allocations 16.3 14.2 14.0 12.4 11.8 11.7 11.3 11.1 10.8 10.6 10.7 Returns (%) 9.3 9.3 8.4 8.4 6.8 FY* 94-00
Slide 11: Not a low return strategy – History suggests reasonable returns possible
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Not a low return strategy – History suggests reasonable returns possible The Multi Asset strategy aims at providing high returns with low probability of downside risk CY 1998 CY 1999 CY 2000 CY 2001 CY 2002 CY 2003 CY 2004 CY 2005 CY 2006
Slide 12: Multi asset indices have an added advantage of limited downside
Morgan Stanley Investment Management WHY A MULTI ASSET FUND? Although attractive on the upside, multi asset indices have an added advantage of limited downside Best and worst returns of individual asset classes and blended indices during boom-bust periods Best and worst case possibilities in boom bu
Slide 13: Investment Strategy, Process And Fund Facts
Morgan Stanley Investment Management Section 2 Investment Strategy, Process And Fund Facts Page 13
Slide 14: Investment Strategy and Process
Morgan Stanley Investment Management INVESTMENT STRATEGY, PROCESS AND FUND FACTS Investment Strategy and Process • Underlying assets – Debt exposure: Will be run dynamically – Gold exposure: Gold ETFs – Equity exposure: high quality names without the restriction of market capitalisations • Individua
Slide 15: Fund Facts
Morgan Stanley Investment Management INVESTMENT STRATEGY, PROCESS AND FUND FACTS Fund Facts Plan A: to invest in Debt, Equity Plans Plan B: to invest in Debt, Equity and Gold Plan A: Debt and Money market instruments*: 80-100%; Equity and Equity Related Instruments: 0-20%. Plan B: Debt and Money mar
Slide 16: Fund Facts
Morgan Stanley Investment Management INVESTMENT STRATEGY, PROCESS AND FUND FACTS Fund Facts Lump sum: Rs. 5,000 and multiples of Re. 1/- thereof SIP: Rs. 1,000 via minimum 6 installments (SIP only through Minimum Investment Auto Debit facility during the NFO period). Entry Load: NA; Exit Load: 1% if
Slide 17: Why Morgan Stanley Mutual Fund?
Morgan Stanley Investment Management INVESTMENT STRATEGY, PROCESS AND FUND FACTS Why Morgan Stanley Mutual Fund? • Long history in Indian markets • Global investment perspective • Focus and dedication of a boutique firm • Experienced and dedicated team • Strong ethical framework • Strong risk manage
Slide 18: Summary
Morgan Stanley Investment Management INVESTMENT STRATEGY, PROCESS AND FUND FACTS Summary • Multi Asset strategy ideal for investors with a medium to long term investment horizon • In uncertain times, investors should look at investing in multi asset funds, rather than specific asset classes • Curren
Slide 19: Biographies
Morgan Stanley Investment Management Section 3 Biographies Page 19
Slide 20: India Multi/Mid Cap Boutique
Morgan Stanley Investment Management BIOGRAPHIES India Multi/Mid Cap Boutique Jayesh Gandhi, CFA Dhaval Shah, CFA Executive Director Sr. Associate [email protected] [email protected] Jayesh Gandhi is the Lead Portfolio Dhaval is an analyst covering Indian Manager for mult
Slide 21: India Fixed Income Boutique
Morgan Stanley Investment Management BIOGRAPHIES India Fixed Income Boutique Ritesh Jain Piyush Baranwal Executive Director Sr. Associate [email protected] [email protected] Ritesh Jain is the Head of Fixed Income Piyush joined Morgan Stanley and is the Lead Portfolio M
Slide 22: Risk Factors
Morgan Stanley Investment Management Section 4 Risk Factors Page 22
Slide 23: Risk Factors
Morgan Stanley Investment Management RISK FACTORS Risk Factors Statutory Details: Morgan Stanley Mutual Fund has been set up as a Trust under Indian Trusts Act, 1882. Sponsor: Morgan Stanley. Investment Manager: Morgan Stanley Investment Management Private Limited. Morgan Stanley Multi Asset Fund, i
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