Morgan Stanley Investment Funds - stockselection
Morgan Stanley Investment Funds - stockselection
Morgan Stanley Investment Funds - stockselection
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35 <strong>Morgan</strong> <strong>Stanley</strong> <strong>Investment</strong> <strong>Funds</strong> 30 June 2009<br />
Latin American Equity Fund<br />
INVESTMENT AIMS<br />
To seek to maximise total return, measured<br />
in US Dollars, through investment primarily<br />
in the common shares of companies<br />
incorporated in Latin American countries.<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 US dollars.<br />
<strong>Investment</strong>s Holdings<br />
Market<br />
value<br />
% of net<br />
assets<br />
Brazil<br />
Petroleo Brasileiro ADR Pfd 2,093,102 71,500,365 9.13<br />
Itau Unibanco Holding ADR Pfd 3,447,913 56,063,065 7.16<br />
Vale ADR Pfd ‘A’ 3,425,298 53,777,179 6.87<br />
Companhia de Bebidas das Americas ADR Pfd 426,600 27,805,788 3.55<br />
Bradespar Pfd 1,715,272 23,008,243 2.94<br />
Usinas Siderurgicas de Minas Gerais 1,007,735 21,779,078 2.78<br />
Itau Unibanco Holding Pfd 1,283,042 20,852,726 2.66<br />
BM&FBOVESPA 3,317,100 20,314,683 2.60<br />
Itausa - Investimentos Itau Pfd 4,004,348 17,966,120 2.30<br />
OGX Petroleo e Gas Participacoes 33,700 17,559,292 2.24<br />
Perdigao 920,338 17,537,447 2.24<br />
NET Servicos de Comunicacao Pfd 1,792,531 17,437,609 2.23<br />
Banco Bradesco ADR Pfd 1,098,500 16,554,395 2.12<br />
Ultrapar Participacoes Pfd 387,950 12,409,222 1.59<br />
Localiza Rent A CAR 2,007,757 12,265,045 1.57<br />
PDG Realty - Empreendimentos e Participacoes 1,077,761 11,729,226 1.50<br />
Gerdau ADR Pfd 1,042,200 11,214,072 1.43<br />
Vivo Participaçoes ADR 550,970 10,429,862 1.33<br />
Vale Pfd ‘A’ 546,988 8,586,701 1.10<br />
MRV Engenharia e Participacoes 600,600 8,364,619 1.07<br />
Global Village Telecom Holding 473,100 7,927,097 1.01<br />
Companhia Brasileira de Meios de Pagamento 899,000 7,817,793 1.00<br />
Banco Bradesco Pfd 516,950 7,780,787 0.99<br />
Petroleo Brasileiro Pfd 395,400 6,746,969 0.86<br />
Amil Participaçoes 1,368,317 6,658,955 0.85<br />
Cyrela Brazil Realty 789,662 6,084,613 0.78<br />
Usinas Siderurgicas de Minas Gerais Pfd ‘A’ 175,992 3,891,158 0.50<br />
Lojas Renner 218,600 2,476,644 0.32<br />
Vale ADR 89,905 1,614,694 0.21<br />
Total for Brazil 64.93<br />
Mexico<br />
America Movil ADR ‘L’ 1,623,929 63,755,453 8.15<br />
Grupo Televisa ADR ‘CPO’ 1,734,000 29,998,200 3.83<br />
Grupo Financiero Banorte ‘O’ 9,569,534 23,506,825 3.00<br />
Wal-Mart de Mexico ‘V’ 7,487,656 22,202,393 2.83<br />
Fomento Economico Mexicano<br />
ADR ‘SerB’ & ‘SerD’ 608,300 19,812,331 2.53<br />
Corp GEO ‘B’ 5,350,901 10,376,903 1.33<br />
Desarrolladora Homex ADR 216,261 6,150,463 0.79<br />
Empresas ICA SAB 3,065,553 5,408,757 0.69<br />
Megacable Holdings ‘CPO’ 3,321,200 4,647,437 0.59<br />
America Movil ‘L’ 938,800 1,845,586 0.24<br />
Total for Mexico 23.98<br />
Peru<br />
Companhia de Minas Buenaventura ADR 422,600 10,425,542 1.33<br />
Credicorp (Bermuda) (4) 114,500 6,757,790 0.87<br />
Total for Peru 2.20<br />
Panama<br />
Copa Holdings ‘A’ 311,703 12,701,897 1.62<br />
Total for Panama 1.62<br />
Guatemala<br />
Millicom International Cellular (Luxembourg) (4) 169,674 9,610,335 1.23<br />
Total for Guatemala 1.23
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