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Fund Times

Morgan Stanley Fund Goes Global

Plus, Fidelity loses another CIO, and more.

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Change is on the horizon at  Morgan Stanley Strategist (SRTAX), a moderate-allocation offering. The fund's board recently approved the addition of "Global" to the fund's name and will adjust its strategy accordingly. Fund analyst Greg Carlson says this is a significant change because the fund's foreign stake has typically been scant. The new name and mandate will take effect March 31.

Mark Bavoso has run the fund since 1994 and remains on board. Comanagers David Armstrong and Sanjay Verma, who have run the fixed-income portfolio, are being replaced by Francine Bovich and Henry McVey. Armstrong has been on the fund since early 2005, and Verma since late 2008. Bovich has been with Morgan Stanley since 1993, and McVey served as the firm's chief U.S. investment strategist and then spent two years at Fortress Investment Group before returning to Morgan Stanley last year.

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