Morgan Stanley IM takes US non-prime RMBS back to Europe

Morgan Stanley
By Joseph McDevitt
31 Jul 2013

Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in US non-agency Alt-A RMBS.

The fund was launched in December 2012 and had invested $286.5m by the end of the second quarter this year. The investor base is exclusively European. It is being marketed at institutional investors, insurance companies and retail investors. Fund manager Sheila Huang aims to ramp up the portfolio ...

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