Morgan Stanley Investment Management has reopened the Morgan Stanley Global Infrastructure Fund to new U.S. investors.
The company said last week that it plans to reopen the fund to new international investors this year.
The fund, which was called the Morgan Stanley Utilities Fund before closing to new investors in April 2006, combines sell-side fundamental research with a proprietary quantitative portfolio construction. It invests in a universe of about 800 stocks in the infrastructure sector, which includes communication stocks and other companies that benefit from infrastructure spending, Morgan Stanley said.
The fund is managed by Morgan Stanley's quantitative and structured solutions equity investment team, which had $1.4 billion of assets under management as of Dec. 31.
Morgan Stanley Investment Management had $399 billion of assets under management as of Nov. 30.