Morgan Stanley China A Share Fund (CAF) : Gramercy Funds Management reduced its stake in Morgan Stanley China A Share Fund by 24.53% during the most recent quarter end. The investment management company now holds a total of 383,841 shares of Morgan Stanley China A Share Fund which is valued at $7,066,513 after selling 124,764 shares in Morgan Stanley China A Share Fund , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Morgan Stanley China A Share Fund makes up approximately 2.82% of Gramercy Funds Management’s portfolio.
Other Hedge Funds, Including , Tower Research Capital (trc) added CAF to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $9,205. Tradewinds Capital Management added CAF to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $2,768.
The Morgan Stanley China A Share Fund Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek capital growth by investing under normal circumstances at least 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. The Fund invests in automobiles; banks; construction and engineering; food and staples retailing; health care providers and services; hotels restaurants and leisure; insurance; metals and mining; media; oil gas and consumable fuels; pharmaceuticals; real estate management and development; software; specialty retail; textiles apparel and luxury goods and transportation infrastructure among others. The Fund’s investment adviser is Morgan Stanley Investment Management Inc. and Morgan Stanley Investment Management Company is the Sub-Adviser.