Morgan Stanley Investment Funds - stockselection

9 Morgan Stanley Investment Funds 30 June 2009
Emerging Markets Equity Fund
INVESTMENT AIMS
To seek to maximise total return, measured
in US Dollars, through investment primarily
in emerging country equity securities.
The Fund will invest in those emerging market
countries in which the Company believes
that economies are developing strongly
and in which the markets are becoming more
sophisticated.
Please refer to the full prospectus for the Fund’s investment objective and policy.
STATEMENT OF INVESTMENTS
Transferable securities and money market instruments admitted
to official exchange listing or dealt in on another regulated
market. As at 30 June 2009, expressed in US dollars.
Investments Holdings
Market
value
% of net
assets
China
Industrial & Commercial Bank of China ‘H’ 21,702,000 15,121,199 1.84
China Construction Bank ‘H’ 19,047,000 14,770,451 1.81
China Mobile (Hong Kong) (4) 1,450,500 14,523,529 1.78
PetroChina ‘H’ 12,334,000 13,686,585 1.67
Bank of China ‘H’ 24,121,000 11,484,560 1.40
China Life Insurance ‘H’ 2,852,000 10,487,865 1.28
Dongfeng Motor Group ‘H’ 10,723,000 9,048,712 1.11
Shangai Industrial Holdings (Hong Kong) (4) 2,101,000 8,458,110 1.03
China Zhongwang Holdings
(Cayman Islands) (4) 5,984,400 8,215,896 1.01
GOME Electrical Appliances Holdings
(Bermuda) (4) 29,230,000 7,279,119 0.89
Ping An Insurance Group Co of China ‘H’ 936,500 6,337,909 0.78
Anhui Conch Cement ‘H’ 887,000 5,550,832 0.68
China Citic Bank ‘H’ 8,513,000 5,525,140 0.68
Beijing Enterprises Holdings (Hong Kong) (4) 984,500 4,916,085 0.60
Yanzhou Coal Mining ‘H’ 3,480,000 4,786,622 0.59
China Resources Power Holdings
(Hong Kong) (4) 1,839,000 4,090,832 0.50
Belle International Holdings
(Cayman Islands) (4) 4,238,000 3,729,392 0.46
China Oilfield Services ‘H’ 3,204,000 3,476,812 0.43
Datang International Power Generation ‘H’ 4,409,000 2,685,189 0.33
China Communications Services ‘H’ 3,854,000 2,381,990 0.29
BYD Electronic International (Hong Kong) (4) 3,142,000 1,929,771 0.24
China Dongxiang Group (Cayman Islands) (4) 2,852,100 1,917,322 0.23
Fushan International Energy Group
(Hong Kong) (4) 3,118,000 1,721,918 0.21
China Railway Construction ‘H’ 1,001,900 1,546,138 0.19
China Resources Power Holdings
Rts exp. 10/07/2009 (Hong Kong) (4) 183,900 78,305 0.01
Total for China 20.04
Brazil
Itau Unibanco Holding ADR Pfd 885,011 14,390,279 1.75
Vale ADR Pfd ‘A’ 908,812 14,268,349 1.74
Petroleo Brasileiro ADR Pfd 345,862 11,814,646 1.45
Petroleo Brasileiro Pfd 492,832 8,409,515 1.03
BM&FBOVESPA 1,146,500 7,021,430 0.86
Companhia de Bebidas das Americas ADR Pfd 99,400 6,478,892 0.79
Perdigao 332,828 6,342,184 0.78
NET Servicos de Comunicacao Pfd 626,486 6,094,410 0.75
Itau Unibanco Holding Pfd 206,063 3,349,050 0.41
Banco Bradesco ADR Pfd 196,800 2,965,776 0.36
Ultrapar Participacoes Pfd 92,580 2,961,324 0.36
MRV Engenharia e Participacoes 206,000 2,868,984 0.35
PDG Realty - Empreendimentos e Participacoes 260,700 2,837,187 0.35
Companhia Brasileira de Meios de Pagamento 241,600 2,100,977 0.26
Banco Bradesco Pfd 128,700 1,937,107 0.24
Vale Pfd ‘A’ 98,632 1,548,340 0.19
Lojas Renner 85,400 967,545 0.12
Total for Brazil 11.79
South Korea
Samsung Electronics 42,331 19,712,068 2.41
NHN 60,873 8,451,258 1.03
Woongjin Coway 300,980 7,339,243 0.90
Shinhan Financial Group 286,268 7,261,970 0.89
LG Chem 63,898 7,011,540 0.86
KB Financial Group 148,850 5,011,233 0.61
Samsung Electronics Pfd 15,909 4,880,445 0.60
Samsung Fire & Marine Insurance 27,889 4,124,229 0.50
LG Electronics 43,935 4,043,416 0.49
SK Telecom 25,378 3,473,430 0.42