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Morgan Stanley Inst Growth A MSEGX

Analyst rating as of
NAV / 1-Day Return
28.95  /  5.42 %
Total Assets
5.6 Bil
Adj. Expense Ratio
0.820%
Expense Ratio
0.820%
Fee Level
Low
Longest Manager Tenure
18.43 years
Category
Large Growth
Investment Style
Mid Growth
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.00%
Turnover
59%

Morningstar’s Fund Analysis MSEGX

Will MSEGX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Morgan Stanley Institutional Growth Wraps Up an Ugly Year

Analyst Note

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Morgan Stanley Institutional Growth is wrapping up one of the worst years in its history. The institutional shares were down 55.6% for the year to date through November, landing in the large-growth Morningstar Category’s basement. It’s no surprise that this aggressive growth strategy has struggled mightily, as high-growth stocks have gotten hammered in an environment where interest rates have risen and technology stocks have faced a reckoning after years of unfettered appreciation. Even so, the magnitude of underperformance is ugly, with the fund losing significantly more than the Russell 1000 Growth Index’s 23.3% decline. More than half of the portfolio’s holdings lost more than half their value during the period. While Morningstar risk factor attribution indicates the portfolio’s focus on highly volatile stocks was a headwind, stock-specific issues, including large positions in top holdings Shopify, Snowflake, Cloudflare, and Roblox, especially stung. Its position in Grayscale Bitcoin Trust didn’t help.

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