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Is MSIF International Opportunities I (MIOIX) a Strong Mutual Fund Pick Right Now?
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Having trouble finding a Global - Equity fund? MSIF International Opportunities I (MIOIX - Free Report) is a potential starting point. MIOIX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
Objective
MIOIX is classified in the Global - Equity segment by Zacks, an area full of possibilities. Even though Global - Equity mutual funds invest in bigger markets like the U.S., Europe, and Japan, these kinds of funds aren't limited by geography. Rather, they offer an investment strategy that utilizes the global economy to provide stable returns.
History of Fund/Manager
MorgStanley is based in New York, NY, and is the manager of MIOIX. The MSIF International Opportunities I made its debut in March of 2010 and MIOIX has managed to accumulate roughly $1.01 billion in assets, as of the most recently available information. Kristian Heugh is the fund's current manager and has held that role since May of 2010.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 12.06%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 15.93%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 10.66%, the standard deviation of MIOIX over the past three years is 15.5%. Looking at the past 5 years, the fund's standard deviation is 14.73% compared to the category average of 10.51%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
One cannot ignore the volatility of this segment, however, as it is always important for investors to remember the downside to any potential investment.
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. MIOIX has a 5-year beta of 0.89, which means it is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 3.92, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, MIOIX is a no load fund. It has an expense ratio of 0.99% compared to the category average of 1.18%. Looking at the fund from a cost perspective, MIOIX is actually cheaper than its peers.
Investors should also note that the minimum initial investment for the product is $5 million and that each subsequent investment has no minimum amount.
Bottom Line
Overall, MSIF International Opportunities I ( MIOIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
Don't stop here for your research on Global - Equity funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare MIOIX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.
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Is MSIF International Opportunities I (MIOIX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Global - Equity fund? MSIF International Opportunities I (MIOIX - Free Report) is a potential starting point. MIOIX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.
Objective
MIOIX is classified in the Global - Equity segment by Zacks, an area full of possibilities. Even though Global - Equity mutual funds invest in bigger markets like the U.S., Europe, and Japan, these kinds of funds aren't limited by geography. Rather, they offer an investment strategy that utilizes the global economy to provide stable returns.
History of Fund/Manager
MorgStanley is based in New York, NY, and is the manager of MIOIX. The MSIF International Opportunities I made its debut in March of 2010 and MIOIX has managed to accumulate roughly $1.01 billion in assets, as of the most recently available information. Kristian Heugh is the fund's current manager and has held that role since May of 2010.
Performance
Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 12.06%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 15.93%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 10.66%, the standard deviation of MIOIX over the past three years is 15.5%. Looking at the past 5 years, the fund's standard deviation is 14.73% compared to the category average of 10.51%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
One cannot ignore the volatility of this segment, however, as it is always important for investors to remember the downside to any potential investment.
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. MIOIX has a 5-year beta of 0.89, which means it is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a positive alpha of 3.92, managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, MIOIX is a no load fund. It has an expense ratio of 0.99% compared to the category average of 1.18%. Looking at the fund from a cost perspective, MIOIX is actually cheaper than its peers.
Investors should also note that the minimum initial investment for the product is $5 million and that each subsequent investment has no minimum amount.
Bottom Line
Overall, MSIF International Opportunities I ( MIOIX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
Don't stop here for your research on Global - Equity funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare MIOIX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.