Morgan Stanley's Andrew Szczurowski on Fixed Income Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy MS?
Source: CNBC
- Investment Strategy Overview: Morgan Stanley's portfolio manager Andrew Szczurowski employs a 'multi-sector, go anywhere' strategy in the Eaton Vance Strategic Income Fund, which, despite requiring extensive research to identify quality assets, boasts a weighted average of investment-grade assets, indicating its potential in diversified investments.
- Performance Metrics: The A share class (ETSIX) of the Eaton Vance Strategic Income Fund has outperformed the category average return by 2.2 percentage points annualized over the past decade, earning a five-star rating from Morningstar, which underscores its competitiveness in the fixed income market.
- Portfolio Construction Approach: The fund utilizes a barbell strategy that combines high-quality assets with riskier investments, with approximately 34% allocated to agency mortgage-backed securities (MBS), reflecting a focus on high-end consumers while also seeking opportunities in emerging market bonds and high-yield bonds.
- Emerging Market Opportunities: Szczurowski highlights the influx of capital into emerging markets as investors seek diversification, particularly favoring bonds from Egypt, Kazakhstan, Nigeria, and Turkey, which present relatively attractive yields and potential growth driven by economic reforms.
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Analyst Views on MS
Wall Street analysts forecast MS stock price to rise
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 167.000
Low
132.00
Averages
185.00
High
219.00
Current: 167.000
Low
132.00
Averages
185.00
High
219.00
About MS
Morgan Stanley is a global financial services company. The Company is engaged in providing a range of investment banking, securities, wealth management and investment management services. Its segments include Institutional Securities, Wealth Management and Investment Management. Its Institutional Securities segment provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients. Its Wealth Management segment provides an array of financial services and solutions to individual investors and small to medium-sized businesses and institutions. Its Investment Management segment provides a range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Its investment banking services consist of capital raising and financial advisory services, including the underwriting of debt and other products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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