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This Global Fund Favors High-Quality Large-Cap Growth Stocks

Bronze-rated Morgan Stanley Institutional Global Franchise has a large consumer defensive position and an 80% stake in wide-moat securities.


George Georgiev: Bronze-rated Morgan Stanley Institutional Global Franchise is a solid option for investors trying to gain high-quality equity exposure.

Lead comanager William Lock and team look for global companies that can consistently compound investors' returns. To them high-quality companies are businesses with predictable revenues and costs, as well as intangible assets, such as strong brands, copyrights, licenses, or networks that act as high barriers to entry. The fund's focus on competitive advantages is evident by the portfolio's more than 80% stake in securities possessing a wide economic moat rating per Morningstar's equity analysts. The fund's portfolio stands out in other ways, too. It has a significant stake in consumer defensive stocks.

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George Georgiev does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.