Morgan Stanley Investment Management announced today portfolio management changes for Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF), Morgan Stanley China A Share Fund, Inc. (NYSE: CAF), Morgan Stanley Emerging Markets Fund, Inc. (NYSE: MSF), The Thai Fund, Inc. (NYSE: TTF) and The Turkish Investment Fund, Inc. (NYSE: TKF) (each, a “Fund”). Each Fund is managed by the Emerging Markets Equity team of Morgan Stanley Investment Management Inc. (the “Adviser”). The team consists of portfolio managers and analysts.
Effective January 30, 2017, the members of the team primarily responsible for the day-to-day management of Morgan Stanley Asia-Pacific Fund, Inc. will be May Yu, a Managing Director of the Adviser, and Munib Madni, a Managing Director of Morgan Stanley Investment Management Company (“MSIM Company” or the “Sub-Adviser”). Ms. Yu has been associated with the Adviser in an investment management capacity since June 2013. From August 2012 to June 2013, she was associated with MSIM Company in an investment management capacity. From February 2011 to August 2012, Ms. Yu was lead portfolio manager at China International Capital Corporation. She began managing the Fund in August 2012. Mr. Madni has been associated with MSIM Company in an investment management capacity since February 2005 and began managing the Fund in May 2012.
Effective January 30, 2017, the members of the team primarily responsible for the day-to-day management of Morgan Stanley China A Share Fund, Inc. will be Gary Cheung, an Executive Director of the Sub-Adviser, and May Yu, a Managing Director of the Adviser. Mr. Cheung has been associated with the Sub-Adviser in an investment management capacity since June 2008. He began managing the Fund in February 2012. Ms. Yu has been associated with the Adviser in an investment management capacity since June 2013. From August 2012 to June 2013, she was associated with the Sub-Adviser in an investment management capacity. From February 2011 to August 2012, Ms. Yu was lead portfolio manager at China International Capital Corporation. She began managing the Fund in August 2012.
Effective January 30, 2017, the members of the team primarily responsible for the day-to-day management of Morgan Stanley Emerging Markets Fund, Inc. will be Munib Madni, a Managing Director of MSIM Company, and Eric Carlson, Paul C. Psaila, Ruchir Sharma and Gaite Ali, each a Managing Director of the Adviser. Mr. Madni has been associated with MSIM Company in an investment management capacity since February 2005 and began managing the Fund in May 2012. Mr. Carlson has been associated with the Adviser in an investment management capacity since September 1997 and began managing the Fund in February 2011. Mr. Psaila has been associated with the Adviser in an investment management capacity since 1994 and began managing the Fund in February 1994. Mr. Sharma has been associated with the Adviser in an investment management capacity since 1996 and began managing the Fund in February 2002. Ms. Ali has been associated with the Adviser in an investment management capacity since 2007 and began managing the Fund in April 2013.
Effective January 30, 2017, the members of the team primarily responsible for the day-to-day management of The Thai Fund, Inc. will be Munib Madni, a Managing Director of the Sub-Adviser, and Victoria Lim, a Vice President of the Sub-Adviser. Mr. Madni has been associated with the Sub-Adviser in an investment management capacity since February 2005 and began managing the Fund in August 2008. Ms. Lim has been associated with the Sub-Adviser in an investment management capacity since 2012 and began managing the Fund in January 2017.
Effective January 30, 2017, the members of the team primarily responsible for the day-to-day management of The Turkish Investment Fund, Inc. will Eric Carlson and Paul C. Psaila, each a Managing Director of the Adviser, and Mr. Jorge Chirino, a Vice President of the Adviser. Mr. Carlson has been associated with the Adviser in an investment management capacity since 1997 and began managing the Fund in January 2006. Mr. Psaila has been associated with the Adviser in an investment management capacity since 1994 and began managing the Fund in September 1997. Mr. Chirino has been associated with Morgan Stanley since 2007 and with the Adviser in an investment management capacity since 2014 and began managing the Fund in January 2017.
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 590 investment professionals around the world and $417 billion in assets under management or supervision as of December 31, 2016. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.
Investing involves risk and it is possible to lose money on any investment in the Fund.
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