Morgan Stanley Investment Management (MSIM) has launched the MS INVF Floating Rate Global Asset Backed Securities Fund, seeking to help clients generate an attractive return, whilst minimising exposure to changes in interest rates through the cash-flow carry of the securities.
The team is led by Gregory Finck, MSIM's head of Securitized Investing, who has been working in the securitized investment business for over 30 years. His team's extensive experience and expertise in this field will be instrumental in helping the Fund to succeed in its objective.
The fund is focused on investing in high credit quality floating rate ABS across all sectors and geographies of the securitized market including mortgage-backed securities, commercial mortgage-backed securities, collateralized mortgage obligations, covered bonds and other investment grade investments.
The team's investment strategy includes a proprietary assessment and scoring methodologies that are bespoke to the fixed income securities the Fund will invest in.
Additionally, the Fund will also incorporate an assessment of sustainability-related risks and opportunities to determine impacts on credit fundamentals and implications for valuation and spreads. This is in line with MSIM's commitment to responsible investing and providing sustainable investment options for its clients.
The fund is in compliance with Article 8 of the EU's Sustainable Finance Disclosure Regulation.
Gregory Finck, MSIM's head of securitized investing said, "The MS INVF Floating Rate Global Asset Backed Securities Fund offers a unique and compelling investment opportunity to investors in the UK and Europe that are looking for attractive returns while protecting against rising interest rates.
"Our team's active investment proposition, combined with our deep credit expertise and loan market presence means we are well placed to deliver for our clients, who will now have access to a portfolio of floating-rate loans that is specifically designed to maximise risk-adjusted returns."
