Morgan Stanley Investment Management Announces Portfolio Management Change for Morgan Stanley India Investment Fund, Inc.

Rhea-AI Summary

Morgan Stanley Investment Management announced a management change for the Morgan Stanley India Investment Fund, Inc. (NYSE: IIF). Effective December 31, 2021, Ruchir Sharma will step down as a portfolio manager, while Amay Hattangadi will continue in his role and be supported by analyst Saurabh Mishra. The Emerging Markets Equity team manages the Fund, with Sharma having been involved since January 2001 and Hattangadi since March 2019. As of September 30, 2021, Morgan Stanley manages over $1.5 trillion in assets globally.

Positive

• Experienced management team: Amay Hattangadi has been with Morgan Stanley since 1997.
• Continuity in management with Hattangadi remaining as portfolio manager.

Negative

• Ruchir Sharma's departure may impact investor confidence due to his long tenure.

NEW YORK--(BUSINESS WIRE)-- Morgan Stanley Investment Management announced today a portfolio management change for Morgan Stanley India Investment Fund, Inc. (NYSE: IIF) (the “Fund”). The Fund is managed by the Emerging Markets Equity team of Morgan Stanley Investment Management Inc. (the “Adviser”). The team consists of portfolio managers and analysts.

The current members of the team jointly and primarily responsible for the day-to-day management of the Fund's portfolio are Amay Hattangadi, Managing Director of Morgan Stanley Investment Management Company ("MSIM Co."), and Ruchir Sharma, a Managing Director of the Adviser. Mr. Hattangadi has been associated with MSIM Co. or its affiliates in an investment management capacity since 1997 and began managing the Fund in March 2019. Mr. Sharma has been associated with the Adviser in an investment management capacity since 1996 and began managing the Fund in January 2001. Ruchir Sharma will no longer serve as a portfolio manager of the Fund after December 31, 2021. Amay Hattangadi will remain a portfolio manager of the Fund, supported by analyst Saurabh Mishra.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 752 investment professionals around the world and $1.5 trillion in assets under management or supervision as of September 30, 2021. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

Investing involves risk and it is possible to lose money on any investment in the Fund.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005391/en/

For more information: 800.231.2608

Source: Morgan Stanley Investment Management

FAQ

What is the recent management change for IIF?

Ruchir Sharma will no longer serve as a portfolio manager for Morgan Stanley India Investment Fund (IIF) after December 31, 2021.

Who will manage the IIF after Sharma's departure?

Amay Hattangadi will remain as the portfolio manager, supported by analyst Saurabh Mishra.

When did Sharma start managing the IIF?

Ruchir Sharma began managing the IIF in January 2001.

What assets does Morgan Stanley Investment Management manage?

Morgan Stanley Investment Management oversees more than $1.5 trillion in assets as of September 30, 2021.