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Fund Times

Morgan Stanley Funds Can Now Invest in Bitcoin

Our ratings remain unchanged.

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Several Morgan Stanley Counterpoint Global funds, including Morningstar Medalists Morgan Stanley Institutional Growth and Morgan Stanley Institutional Discovery, can now invest in bitcoin. The foray into this volatile cryptocurrency is limited, though, and consistent with these funds’ aggressive risk profiles, so their Above Average Process rating and overall Morningstar Analyst Ratings remain intact.

Investing in bitcoin is an extension of the investment approach of the Counterpoint Global team and its skilled lead manager Dennis Lynch, who focus on disruptive change. They’ve considered investing in bitcoin for a few years before the March 31 filing disclosing the strategies’ new capability. The team thinks bitcoin might help their portfolios when its equity positions are out of favor. The cryptocurrency’s big upside potential is another draw.

Katie Rushkewicz Reichart does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.