- Last Ratings Update:10/31/2013
- Price as of 10/31/2013 :$17.02
- Net Assets:$316.88 Million
- Peer Rank:120 of 259
- Investment Rating:C
We rate Morgan Stanley Asia Pacific Fund at C. Positive factors that influence this rating include a low price volatility and low expense structure. The fund invests approximately 94% of its assets in stocks and may be considered for investors seeking a Non-US Equity strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The Morgan Stanley Asia Pacific Fund has returned an annual rate of 3.67% since inception. More recently, the fund has generated a total return of 13.58% in the last five years, 3.62% in the last three years, and 19.76% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 41% of its competitors on a three year basis and 67% of them over the last year for the period ending 10/31/2013. On a year to date basis, APF has returned 13.42%.
Downside risk has been below average. APF has a draw down risk of -26.81%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.3%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 10/31/2013, the fund was trading at a price of $17.02, which is 0.9% below its 52-week high of $17.18 and 3.1% above its 52-week low of $16.51.
High expense ratio hinders performance. On total assets of $316.88 million, APF maintains a high expense ratio compared to its Non-US Equity peers of 1.31% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As APF is a closed end fund, it has no front end or back end load.
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