Investment

Morgan Stanley Investment Management creates new share class for U.S. mutual funds

200px-Morgan_Stanley_Logo_1.svgMorgan Stanley Investment Management recently established a new institutional share class designed to boost transparency and reduce fees for contribution plans—particularly retirement plans with over $250 million in assets—and other institutional platforms.

The Class IS shares, through which 18 Morgan Stanley funds are available, have no shareholder service, distribution or sub-transfer agency payments and are also available to eligible investors who meet an individual investment of $10 million.

“At Morgan Stanley Investment Management, we look to offer all of our shareholders the right combination of funds, share classes and pricing,” Paul Price, the global head of distribution for Morgan Stanley Investment Management’s long-only business, said. “Now, we have refined our institutional offerings with the new IS, or super institutional, share class to help our institutional clients more easily meet their platform design needs. This new share class provides the greatest transparency for investors on the costs of investment management within their plan. We encourage plan sponsors to discuss with their record keepers or plan administrators whether the IS share class is suitable for the structure of their retirement plan. We are proud of the work we have accomplished to bring this state-of-the-art share class to our clients.”

The company, together with its investment advisory affiliates, employs over 550 investment professionals worldwide and $347 billion in assets under supervision as of June 30. Morgan Stanley’s employees serve clients around the world, providing services such as investment banking, securities, investment management and wealth management services.

“Morgan Stanley Investment Management has always offered a dynamic family of funds led by world-class investment managers,” Arthur Lev, the head of the long-only business for Morgan Stanley Investment Management, said. “Our IS share class enhances flexibility and transparency and will create ease-of-use for institutional investment platforms, and these advances will ultimately benefit the plan participants who use Morgan Stanley funds to help meet their own investment objectives.”

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