MS INVF Global Balanced Defensive Z EUR

Ranked 7 out of 41 in - Conservative EUR over 12 months
All calculations are in GBP unless stated

Managed by

Andrew Harmstone

Andrew Harmstone is a portfolio manager for the Global Multi-Asset team at Morgan Stanley. He joined the firm in 2008 and has 34 years of industry experience. Prior to joining the firm, Andrew worked at Bear Stearns as head of European Equity Quantitative Research. He received an MA in Business Economics from University of Pennsylvania and a BA in Economics from University of Wisconsin.

Manfred Hui

Manfred Hui, CFA is a member of the Global Multi-Asset team at Morgan Stanley. He joined the firm in 2007 and has nine years of industry experience. Previously, Manfred worked for the Market Risk team at Dresdner Kleinwort. Manfred received a BSc in Computer Science from King's College London University and an MSc in Finance from Hong Kong University.


The investment objective of the Global Balanced Defensive Fund is to provide an attractive level of total return, measured in Euro, through investing primarily in a portfolio of transferable securities and money market instruments globally and through the use of financial derivative instruments. The Fund will implement top-down, tactical views on global asset classes across (1) equity including closed-end Real Estate Investment Trusts (REITS); (2) Fixed Income Securities; and (3) cash and money market instruments.

Showing fund performance in United Kingdom View performance globally


Conservative EUR over : 31/05/2018 - 31/05/2019
  • Rank 7/41 Total Return
  • Rank 1/41 Standard Deviation
  • Rank 3/41 Max Drawdown

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 -0.4%
2018 -1.2% -3.2% 1.6% 0.9% -0.4%
2017 4.7% 1.8% 1.7% 0.4% 0.7%
2016 0.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Finland
  3. France
  4. Germany
  5. Ireland
  6. Italy
  7. Luxembourg
  8. Netherlands
  9. Norway
  10. Singapore
  11. Spain
  12. Sweden
  13. Switzerland
  14. United Kingdom

Fund Info

  • Launch date23/08/2016
  • Share Class size06Mn
  • Base currencyEUR
  • ISIN LU1445734558

Purchase Info

  • Min. initial investment0
  • Min. regular additional investment0


  • Annual management0.40%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).