Only bonds with a maturity of 1 year and above are eligible. The Bloomberg Euro-Aggregate: Corporate Index is a rules based benchmark measuring investment grade, EUR denominated, fixed rate, and corporate only. Any product based on an index is in no way sponsored, endorsed, sold or promoted by the applicable licensor and it shall not have any liability with respect thereto. Any index referred to herein is the intellectual property (including registered trademarks) of the applicable licensor. It is not possible to invest directly in an index. The indexes are unmanaged and do not include any expenses, fees or sales charges. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. The views expressed do not reflect the opinions of all portfolio managers at Morgan Stanley Investment Management (MSIM) or the views of the firm as a whole, and may not be reflected in all the strategies and products that the Firm offers.Īll information provided has been prepared solely for information purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring. For important information about the investment manager, please refer to Form ADV Part 2.Īny views and opinions provided are those of the portfolio management team and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. Please consider the investment objectives, risks and fees of the Strategy carefully before investing. Separate accounts managed according to the Strategy include a number of securities and will not necessarily track the performance of any index. Past performance is no guarantee of future results.Ī separately managed account may not be appropriate for all investors. There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market. This communication is only intended for and will be only distributed to persons resident in jurisdictions where such distribution or availability would not be contrary to local laws or regulations. When investing in value securities, the market may not have the same value assessment as the manager, and, therefore, the performance of the securities may decline. Currency fluctuations could erase investment gains or add to investment losses. In addition to the risks associated with common stocks, investments in convertible securitiesare subject to the risks associated with fixed-income securities, namely credit, price and interest-rate risks. The risks of investing in emerging market countries are greater than the risks generally associated with investments in foreign developed countries. In a declining interest-rate environment, the portfolio may generate less income. Investments in foreign marketsentail special risks such as currency, political, economic, and market risks. Longer-term securities may be more sensitive to interest rate changes. In the current rising interest-rate environment, bond prices may fall and may result in periods of volatility and increased portfolio redemptions. Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments (credit risk), changes in interest rates (interest-rate risk), the creditworthiness of the issuer and general market liquidity (market risk). Please be aware that this fund may be subject to certain additional risks. Accordingly, you can lose money investing in this fund. It is difficult to predict the timing, duration, and potential adverse effects (e.g. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. Market values can change daily due to economic and other events (e.g. Funds are subject to market risk, which is the possibility that the market values of securities owned by the fund will decline and that the value of fund shares may therefore be less than what you paid for them. There is no assurance that a mutual fund will achieve its investment objective. Diversification does not protect you against a loss in a particular market however it allows you to spread that risk across various asset classes.
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