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MORGAN STANLEY LAUNCHES THREE GLOBAL MUTUAL FUNDS FOR THE RETAIL MARKET

 NEW YORK, Feb. 25 /PRNewswire/ -- Morgan Stanley Asset Management Inc., a wholly-owned subsidiary of Morgan Stanley Group Inc. (NYSE: MS), today announced it has launched three mutual funds that allow individual investors to participate in global investment opportunities.
 The new funds -- a global equity fund, a global fixed income fund and a money market fund -- are the first retail investment products launched by Morgan Stanley, an institutionally-oriented firm with a respected worldwide team of portfolio managers and research analysts.
 "Individual investors can now take advantage of expertise that, in the past, has only been available to corporations, financial institutions, and very high net worth individuals," said Warren J. Olsen, principal of Morgan Stanley Asset Management. "The funds are a natural extension of Morgan Stanley's business and allow the firm to enter one of the fastest growing segments of the investment industry."
 The funds will be distributed by participating investment dealers, banks, and financial services firms. Morgan Stanley has no plans to set up its own retail network and the firm will continue to maintain its institutional focus.
 Morgan Stanley Asset Management's research shows that choosing the right country is often one of the most critical factors in worldwide investing. Up to 75 percent of the return in global securities markets is frequently attributable to country -- not security -- selection.
 "Investors who limit their investments to the domestic market ignore over 80 percent of the world's blue chip companies," said Mr. Olsen. "A diversified selection of securities representing the world's best performing financial markets is an effective way to maximize return and minimize the risk associated with global investment."
 In addition to the United States, the countries considered for investment by Morgan Stanley fund managers include: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Italy, Japan, the Netherlands, New Zealand, Norway, Singapore, Malaysia, Spain, Sweden, Switzerland, and the United Kingdom. Additional countries may be added based upon their economic outlook and current valuation levels.
 The three new mutual funds require a minimum investment of $1,000 and are being offered by prospectus. Copies of the prospectus, in addition to being available through participating investment dealers, banks, and financial services firms, can be obtained by calling the Morgan Stanley Fund directly at 1-800-438-6726.
 Morgan Stanley is a major global financial services firm with offices in the world's principal financial centers.
 NOTE: Global investing involves certain risks not typically associated with investing solely in the United States, including fluctuations in currency rates, limited publicly available information and the potential for market volatility and political instability.
 -0- 2/25/93
 /CONTACT: Warren J. Olsen, 212-296-7236, or Jeanne D. Andrews, 212-703-4058, both for Morgan Stanley/
 (MS)


CO: Morgan Stanley Asset Management Inc. ST: New York IN: FIN SU: PDT

GK -- NY058 -- 0432 02/25/93 13:40 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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