Morgan Stanley Investment Funds - stockselection
Morgan Stanley Investment Funds - stockselection
Morgan Stanley Investment Funds - stockselection
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7 <strong>Morgan</strong> <strong>Stanley</strong> <strong>Investment</strong> <strong>Funds</strong> 30 June 2009<br />
Emerging Europe, Middle East<br />
and Africa Equity Fund<br />
INVESTMENT AIMS<br />
To seek long-term capital appreciation,<br />
measured in Euro, by investing primarily in<br />
equity securities of issuers in Central, Eastern<br />
and Southern Europe (including the Russian<br />
Federation), the Middle East and Africa.<br />
Please refer to the full prospectus for the Fund’s investment objective and policy.<br />
STATEMENT OF INVESTMENTS<br />
Transferable securities and money market instruments admitted<br />
to official exchange listing or dealt in on another regulated<br />
market. As at 30 June 2009, expressed in Euro.<br />
<strong>Investment</strong>s Holdings<br />
Market<br />
value<br />
% of net<br />
assets<br />
South Africa<br />
MTN Group 1,192,199 13,100,429 7.44<br />
AngloGold Ashanti 266,455 7,162,726 4.07<br />
Naspers ‘N’ 350,174 6,508,285 3.70<br />
Impala Platinum Holdings 411,900 6,488,311 3.69<br />
Harmony Gold Mining 422,700 3,234,008 1.84<br />
Mr Price Group 1,152,360 3,071,183 1.74<br />
Clicks Group 1,773,800 2,998,540 1.70<br />
African Bank <strong>Investment</strong>s 1,088,512 2,777,680 1.58<br />
Anglo Platinum 54,800 2,750,948 1.56<br />
SABMiller (United Kingdom) (4) 180,443 2,632,085 1.50<br />
Tiger Brands 175,102 2,310,599 1.31<br />
AngloGold Ashanti ADR 29,860 801,896 0.46<br />
Harmony Gold Mining ADR 75,600 576,849 0.33<br />
Sasol 19,760 496,793 0.28<br />
Total for South Africa 31.20<br />
Russia<br />
Rosneft Oil GDR 2,447,132 9,840,337 5.59<br />
LUKOIL ADR 275,369 8,995,393 5.11<br />
Sberbank 8,714,071 7,924,415 4.50<br />
Wimm-Bill-Dann Foods ADR 157,281 6,289,899 3.57<br />
Polyus Gold ADR 261,409 3,835,101 2.18<br />
Vimpel-Communications ADR 428,105 3,637,623 2.07<br />
Gazprom ADR 218,399 3,239,986 1.84<br />
RusHydro GDR 965,390 2,599,430 1.48<br />
X5 Retail Group GDR RegS (Netherlands) (4) 225,383 2,457,908 1.40<br />
Magnit GDR RegS 383,470 2,397,454 1.36<br />
Mobile Telesystems ADR 84,379 2,255,222 1.28<br />
RusHydro ‘CLS’ 30,173,000 814,601 0.46<br />
KamAZ (1) 261,278 132,272 0.08<br />
Total for Russia 30.92<br />
Turkey<br />
Turkiye Garanti Bankasi 2,041,969 3,939,307 2.24<br />
Anadolu Efes Biracilik Ve Malt Sanayii 417,493 2,691,172 1.53<br />
Akbank 821,584 2,628,927 1.49<br />
BIM Birlesik Magazalar 76,331 1,929,189 1.10<br />
Turkiye Is Bankasi ‘C’ 639,974 1,347,397 0.77<br />
Turk Telekomunikasyon 551,398 1,217,165 0.69<br />
Akcansa Cimento 548,404 885,029 0.50<br />
Total for Turkey 8.32<br />
Poland<br />
Bank Pekao 152,805 4,003,701 2.27<br />
Powszechna Kasa Oszczednosci Bank Polski 483,329 2,837,447 1.61<br />
Bank Handlowy w Warszawie 202,257 2,224,120 1.26<br />
Eurocash 858,717 1,984,123 1.13<br />
Bank Zachodni WBK 49,740 1,014,822 0.58<br />
Cyfrowy Polsat 242,067 852,543 0.48<br />
Multimedia Polska 478,179 729,425 0.41<br />
LPP 2,722 717,476 0.41<br />
Total for Poland 8.15<br />
Israel<br />
Teva Pharmaceutical Industries 278,156 9,719,083 5.52<br />
Check Point Software Technologies 214,343 3,592,307 2.04<br />
Total for Israel 7.56
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