Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Morgan Stanley launches low-volatility version of £5bn Gars beater

Morgan Stanley launches low-volatility version of £5bn Gars beater

Morgan Stanley has launched a lower-volatility version of its giant multi-asset fund, which is managed by Citywire A-rated star Cyril Moulle-Berteaux.

The Morgan Stanley Diversified Alpha Plus Low Volatility fund will target a positive return in all market conditions, with less volatility than its sister Diversified Alpha Plus fund, by investing in equities, bonds, exchange-traded funds, derivatives, currencies, and structured products.

The original Diversified Alpha Plus, which now contains £5.3 billion, has been the best performer in the Citywire Alternative Ucits Multi Strategy sector over the past three years.

In that time it has returned 29.6%, compared with a peer-group average of 10.7%; the second-placed fund in the sector, Standard Life Investments’ Gars, has generated 19.2% through the same period.

Diversified Alpha Plus also boasts the sector’s best Sharpe ratio through both one and three-year timeframes.

However, its volatility as measured by standard deviation places it below Gars over both one and three years.

The new low-volatility fund will have an ongoing charges ratio of 1.95%, according to its key investor information document, compared with 2.05% on the equivalent A share class of the original fund.

Leave a comment
Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter