Is Morgan Stanley Inst Global Opp A (MGGPX) a Strong Mutual Fund Pick Right Now?

On the lookout for a Global - Equity fund? Starting with Morgan Stanley Inst Global Opp A (MGGPX) is one possibility. MGGPX possesses a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on various forecasting factors like size, cost, and past performance.ObjectiveZacks categorizes MGGPX as Global - Equity, which is a segment packed with options. Global - Equity mutual funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. They also provide an investment technique that leverages the diverse nature of the global economy in the hopes of providing a stable return.History of Fund/ManagerMorgStanley is based in New York, NY, and is the manager of MGGPX. Morgan Stanley Inst Global Opp A made its debut in May of 2010, and since then, MGGPX has accumulated about $1.07 billion in assets, per the most up-to-date date available. Kristian Heugh is the fund's current manager and has held that role since May of 2010.PerformanceInvestors naturally seek funds with strong performance. MGGPX has a 5-year annualized total return of 7.16%, and is in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 26.08%, which places it in the top third during this time-frame.It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.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. The standard deviation of MGGPX over the past three years is 21.16% compared to the category average of 14.32%. The standard deviation of the fund over the past 5 years is 22.05% compared to the category average of 13.88%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 1.17, so it is likely going to be more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. Over the past 5 years, the fund has a negative alpha of -7.54. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesFor 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, MGGPX is a load fund. It has an expense ratio of 1.21% compared to the category average of 0.95%. So, MGGPX is actually more expensive than its peers from a cost perspective.This fund requires a minimum initial investment of $1,000, while there is no minimum for each subsequent investment.Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included.Bottom LineOverall, even with its comparatively similar performance, worse downside risk, and higher fees, Morgan Stanley Inst Global Opp A ( MGGPX ) has a high Zacks Mutual Fund rank, and therefore looks a good potential choice for investors right now.For additional information on the Global - Equity area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into MGGPX too for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.Free Report: 3 Software Stocks Poised to SkyrocketSoftware stocks are poised to catapult higher in the coming months (and years) thanks to several factors, especially the explosive growth of AI. Zacks' urgent report reveals 3 top software stocks to own right now.Access the report free today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (MGGPX): Fund Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks