Morgan Stanley launches emerging-markets fund

08/29/2008 | InvestmentNews (free registration)

Morgan Stanley Investment Management launched Morgan Stanley Frontier Emerging Markets Fund, a closed-end fund that will seek long-term capital appreciation by putting at least 80% of its net assets in equity securities of companies operating in frontier emerging-markets countries. Morgan Stanley has issued 7 million shares in the fund at a price of $20 per share.

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