Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
EDD
New York Stock Exchange5.67
USD
+0.07
(+1.25%)
CIK
0001388141
ISIN
US6174771047
CUSIP
617477104
Return %
Stock
S&P500
1Y
27.70
26.53
3Y
31.55
76.60
5Y
-10.85
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jens Nystedt
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 522 Fifth Avenue New York City NY United States of America 10036
- IPO Date
- Apr 24, 2007
- CIK
- 0001388141
- Website
- morganstanley.com
- Similar Companies
- Business
- Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. is a closed-end fixed income fund managed by Morgan Stanley Investment Management Inc. It primarily invests in debt securities of government and government-related issuers, as well as corporate issuers, located in emerging market countries worldwide. The fund's portfolio consists mainly of government bonds denominated in the local currencies of emerging markets. It seeks to maximize total return measured in U.S. dollars through investments in fixed income markets of emerging economies. The fund benchmarks its performance against the JPMorgan Government Bond Index - Emerging Markets Global Diversified Index. It offers investors exposure to a broad range of domestic debt instruments from emerging market sovereign, quasi-sovereign, and corporate issuers. Recent major developments include an expansion in investment flexibility, notably the removal of the corporate debt cap, allowing for a broader allocation across different types of debt securities. This strategic adjustment aims to enhance portfolio diversification and return potential. Additionally, the fund has maintained fee waivers and expense reimbursements to reduce the net expense ratio for investors. The fund actively manages its portfolio in response to macroeconomic conditions such as rising interest rates and currency risks inherent in emerging market investments. Its recent portfolio additions feature government international bonds from a diverse set of countries including Ukraine, Ethiopia, Egypt, the Dominican Republic, and Mexico. The Morgan Stanley Emerging Markets Domestic Debt Fund was founded under Morgan Stanley Investment Management and is headquartered in New York, United States. It operates within the fixed income asset management industry, targeting institutional and retail investors seeking income and total return from emerging market debt instruments. The fund is listed publicly and its shares trade on the open market, reflecting market price fluctuations apart from its net asset value. It represents a strategic investment vehicle offering specialized exposure to emerging market local currency debt with active management to navigate associated risks and opportunities. The fund's key product offering revolves around emerging market local currency government and corporate bonds, underpinned by Morgan Stanley’s investment expertise and global presence. It leverages Morgan Stanley's research capabilities to focus on credit quality, interest rate sensitivity, and geographic diversification across emerging markets, providing a comprehensive solution for investors seeking growth and income in these regions. Overall, Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. combines stable income generation with active risk management, positioning itself as a sophisticated fixed income fund specialized in emerging market domestic debt securities with an expanded investment scope as of late 2024.