The fund seeks to appreciate capital through investing in large- and mid-size companies around the world including the U.S.
The fund starts with a list of companies in the benchmark index Morgan Stanley EAFE (Europe, Australasia and Far East) Index and then narrows the list based on size, quality and growth of earnings and cash flow. The research team then looks at each company’s long term earnings prospects and business fundamentals for long term growth.
The investment team takes a long-term view of the investment horizon regardless of interim fluctuations.
The fund has the flexibility to invest in developed markets outside the U.S. but limits 10% in emerging markets and 20% in the U.S.