- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 522 Fifth Avenue New York NY United States of America 10036
- IPO Date
- Sep 14, 2012
- Business
- Morgan Stanley Institutional Fund, Inc. - Next Gen Emerging Markets Portfolio (MFMPX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of companies operating in emerging market countries, including frontier emerging markets. The Portfolio employs a bottom-up stock selection process combined with top-down macro and thematic allocation, emphasizing macroeconomic and fundamental research while integrating environmental, social, and governance (ESG) factors; it maintains at least 80% of its assets in such equity securities, including common and preferred stocks, convertible securities, depositary receipts, and derivatives with similar economic characteristics. Holdings span small-, mid-, and large-cap companies across sectors such as financial services, technology, consumer cyclical, and consumer defensive, with significant geographic exposure to emerging Asia (e.g., Vietnam, Indonesia, Philippines), Latin America, Africa, and other frontier markets like Kazakhstan, Pakistan, and Egypt; top holdings as of mid-2025 include FPT Corp, MercadoLibre Inc, and NAC Kazatomprom JSC. The Portfolio is part of Morgan Stanley Institutional Fund, Inc., managed by Morgan Stanley Investment Management Inc. and headquartered at 1585 Broadway, New York, NY; Class A shares (MFMPX) carry a 5.25% front-end load, a net expense ratio of 1.60% after waivers, and a minimum initial investment of $1,000. Originally launched on September 14, 2012 as the successor to the Morgan Stanley Frontier Emerging Markets Fund via a reorganization on September 17, 2012, the Portfolio underwent a major strategic shift effective June 30, 2021, when it was renamed from Morgan Stanley Frontier Markets Portfolio and expanded its investment universe to broader emerging markets alongside frontier markets, with an updated top-down allocation approach at macro and thematic levels. Further, on August 13, 2021, the MSIF Emerging Markets Small Cap Portfolio merged into the Next Gen Emerging Markets Portfolio following shareholder approval on August 6, 2021, enhancing its asset base and diversification.